Magnis Energy Technologies Limited ( (AU:MNS) ) has provided an announcement.
Magnis Energy Technologies Limited has announced a proposed issue of securities, including 20 million options and 379 million ordinary fully paid shares, with the issue date set for May 28, 2025. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects in the battery technology sector, potentially enhancing its market presence and offering new opportunities for stakeholders.
More about Magnis Energy Technologies Limited
Magnis Energy Technologies Limited operates in the energy sector, focusing on the development and production of battery technologies and related energy solutions. The company is involved in the production of lithium-ion battery cells and aims to contribute to the growing demand for sustainable energy storage solutions.
YTD Price Performance: 35.00%
Average Trading Volume: 133,809
Technical Sentiment Signal: Buy
Current Market Cap: $31.72M
Learn more about MNS stock on TipRanks’ Stock Analysis page.