Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
INEO Tech Corp. ( (TSE:INEO) ) has provided an update.
INEO Tech Corp. has announced a special meeting of shareholders following a requisition by COENDA Investments Holding Corp., which holds a significant stake in the company. The meeting will address various issues, including the approval process of financial reports and the resignation of a director. COENDA seeks to replace the current board with a new slate of directors and appoint an inspector to investigate the company’s management. INEO’s management has expressed disappointment with COENDA’s actions, noting a lack of communication regarding alternative strategies for the company’s profitability.
More about INEO Tech Corp.
YTD Price Performance: -30.0%
Average Trading Volume: 43,866
Technical Sentiment Signal: Buy
Current Market Cap: C$4.81M
For a thorough assessment of INEO stock, go to TipRanks’ Stock Analysis page.