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M Vest Water AS ( (DE:7YA) ) has provided an update.
M Vest Water AS has successfully raised NOK 8 million through a private placement of 1,000,000 new shares, with the proceeds aimed at supporting ongoing projects and meeting high demand for its 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, bolstering its market position.
More about M Vest Water AS
M Vest Water 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 purification levels cost-effectively. The company is listed on Euronext Growth under the ticker MVW.
Average Trading Volume: 17,752
Current Market Cap: NOK213.3M
See more insights into 7YA stock on TipRanks’ Stock Analysis page.