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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has provided an announcement.
Matrix Composites & Engineering Ltd announced the cessation of 7,485,000 convertible notes due to repayment or redemption without conversion. This move reflects the company’s ongoing financial management strategy and may impact its capital structure, potentially affecting stakeholders and market perception.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd operates in the engineering sector, specializing in the production of composite materials and engineering solutions. The company focuses on providing advanced materials and products for industries such as oil and gas, mining, and defense.
YTD Price Performance: 4.17%
Average Trading Volume: 220,531
Technical Sentiment Signal: Sell
Current Market Cap: A$56.17M
Find detailed analytics on MCE stock on TipRanks’ Stock Analysis page.