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Southern Gold Limited ( (AU:ION) ) has provided an announcement.
Iondrive Ltd. reported a significant increase in revenue for the financial year ending June 2025, with a 94.7% rise to $1.71 million. Despite this, the company recorded a net loss of $4.62 million, attributed to substantial research and development expenses and other operational costs. The acquisition of a dormant company in Germany, renamed Iondrive EU GmbH, aims to enhance the company’s strategic positioning in the European market. The net tangible assets per share increased slightly, but no dividend was proposed.
More about Southern Gold Limited
YTD Price Performance: 66.67%
Average Trading Volume: 4,736,691
Technical Sentiment Signal: Buy
Current Market Cap: A$59.38M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.