Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Inoviq Ltd ( (AU:IIQ) ) has shared an update.
Inoviq Ltd has notified the ASX that 2.3 million options (security code IIQAE), which were due to expire on various dates and at various exercise prices, have lapsed because the conditions required for conversion into securities were not, or could no longer be, satisfied. The cessation of these options slightly reduces the company’s pool of potential equity on issue, which may marginally affect future dilution expectations for existing shareholders but has no immediate impact on current issued share capital.
The most recent analyst rating on (AU:IIQ) stock is a Sell 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, listed on the ASX under the code IIQ, is an Australian company whose shares and equity-linked securities are traded on the Australian Securities Exchange, providing investors with exposure to its activities through ordinary shares and various option instruments.
Average Trading Volume: 192,517
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$46.46M
For detailed information about IIQ stock, go to TipRanks’ Stock Analysis page.