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An update from Magnis Energy Technologies Limited ( (AU:MNS) ) is now available.
Magnis Energy Technologies Ltd announced an increase in its secured debt principal amount from $6.752 million to $7.262 million, in agreement with McEvoy Street (Alexandria) Pty Ltd. This adjustment in financial strategy highlights the company’s efforts to bolster its financial resources, which could further strengthen its position in the competitive lithium-ion battery sector.
More about Magnis Energy Technologies Limited
Magnis Energy Technologies Ltd is a vertically integrated company operating in the lithium-ion battery technology and materials industry. It focuses on supporting the mass adoption of electric mobility and renewable energy storage, essential for the green energy transition.
YTD Price Performance: -10.0%
Average Trading Volume: 114,793
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $31.31M
See more insights into MNS stock on TipRanks’ Stock Analysis page.
