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ikeGPS Group Ltd Announces Proposed Securities Issue to Bolster Capital

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ikeGPS Group Ltd Announces Proposed Securities Issue to Bolster Capital

Elevate Your Investing Strategy:

An announcement from ikeGPS Group Ltd ( (AU:IKE) ) is now available.

ikeGPS Group Ltd has announced a proposed issue of securities, comprising a total of 24,691,358 ordinary fully paid foreign exempt NZX securities. This includes 2,469,135 securities under a securities purchase plan and 22,222,223 securities through a placement. The issuance aims to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for growth initiatives.

The most recent analyst rating on (AU:IKE) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on ikeGPS Group Ltd stock, see the AU:IKE Stock Forecast page.

More about ikeGPS Group Ltd

ikeGPS Group Ltd operates in the technology industry, primarily focusing on providing innovative measurement solutions. The company is known for its advanced geospatial and measurement products, which cater to various sectors including utilities and telecommunications.

Average Trading Volume: 126,025

Technical Sentiment Signal: Buy

Current Market Cap: A$138M

See more insights into IKE stock on TipRanks’ Stock Analysis page.

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