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An announcement from M Vest Water AS ( (DE:7YA) ) is now available.
M Vest Water AS has announced a private placement of new shares to raise approximately NOK 8 million, with the potential for an increase based on investor interest. This move aims to provide working capital for ongoing projects and meet the high demand for their NORWAFLOC® products. The company is experiencing profitability in its aquaculture segment and sees significant growth opportunities in dredging and oil & gas sectors, particularly in the Middle East. The private placement will be directed towards selected domestic investors, and the proceeds will support the company’s strategic growth initiatives.
More about M Vest Water AS
M Vest Water AS is an environmental technology company specializing in water treatment solutions for both industrial and municipal markets. Their products are non-toxic, biodegradable, and environmentally friendly, achieving high levels of purification in a cost-effective manner. The company is listed on Euronext Growth under the ticker MVW.
Average Trading Volume: 17,752
Current Market Cap: NOK213.3M
For detailed information about 7YA stock, go to TipRanks’ Stock Analysis page.