Magnis Energy Technologies Limited (AU:MNS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Magnis Energy Technologies Ltd announced that a significant portion of staff at the iM3NY battery plant has been laid off, amidst false reports linking financial troubles to Magnis. Additionally, the company has extended the maturity date of a secured loan with McEvoy Street Pty Ltd, maintaining all other terms unchanged.
For further insights into AU:MNS stock, check out TipRanks’ Stock Analysis page.
