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An announcement from Inoviq Ltd ( (AU:IIQ) ) is now available.
Inoviq Ltd has announced a proposed issue of securities, including a securities purchase plan and a placement, with a total of 32,857,146 ordinary fully paid securities to be issued. This move is aimed at raising capital to support the company’s operations and strategic initiatives, potentially impacting its market position and offering opportunities for stakeholders.
The most recent analyst rating on (AU:IIQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Inoviq Ltd stock, see the AU:IIQ Stock Forecast page.
More about Inoviq Ltd
Inoviq Ltd operates in the biotechnology industry, focusing on the development and commercialization of diagnostic and therapeutic products. The company is primarily engaged in providing innovative solutions for early detection and treatment of diseases, aiming to enhance patient outcomes and healthcare efficiency.
Average Trading Volume: 101,669
Technical Sentiment Signal: Sell
Current Market Cap: A$46.33M
Find detailed analytics on IIQ stock on TipRanks’ Stock Analysis page.