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Imdex Ltd ( (AU:IMD) ) has issued an announcement.
Imdex Ltd has announced the acquisition of Advanced Logic Technology (ALT) and Mount Sopris Instruments (MSI), which is expected to bolster its position in the mining technical services industry. This strategic move is anticipated to enhance Imdex’s capabilities and expand its market reach, potentially benefiting stakeholders by improving service offerings and operational efficiencies.
The most recent analyst rating on (AU:IMD) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
More about Imdex Ltd
Imdex Ltd operates in the mining technical services industry, providing advanced drilling technology and solutions. The company focuses on enhancing operational efficiency and productivity for mining companies through innovative products and services.
YTD Price Performance: 49.07%
Average Trading Volume: 1,269,800
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.76B
Learn more about IMD stock on TipRanks’ Stock Analysis page.