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Magnis Energy Technologies Limited ( (AU:MNS) ) just unveiled an update.
Magnis Energy Technologies Limited reported progress in developing the Nachu Graphite Project, with ongoing discussions for agreements and off-take arrangements with Chinese end-users. The company is working on regaining control of Imperium3 through strategic financial maneuvers after its directors filed for Chapter 11 bankruptcy protection. Additionally, the company saw board changes, secured an increase in its principal debt, and is seeking further investment opportunities to support its operations.
More about Magnis Energy Technologies Limited
Magnis Energy Technologies Limited operates within the energy sector, focusing on the development of graphite projects and energy storage solutions. The company is involved in the production of key materials such as Jumbo and Super Jumbo graphite products and holds economic interests in energy-related ventures.
YTD Price Performance: -10.0%
Average Trading Volume: 114,793
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $31.31M
For a thorough assessment of MNS stock, go to TipRanks’ Stock Analysis page.
