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Metal Powder Works Limited ( (AU:MPW) ) just unveiled an announcement.
Metal Powder Works Limited has issued a cleansing prospectus under Australian corporations law to remove trading restrictions on 92,310 shares to be created from the conversion of certain performance rights. The prospectus also includes a small, targeted offer of up to 250 shares at $2.00 each, raising a maximum of $500 before costs from selected investors rather than the general public, streamlining the trading of new equity while minimally diluting existing shareholders and supporting the company’s capital management around its advanced metal powder technology portfolio.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
More about Metal Powder Works Limited
Metal Powder Works Limited is a Pittsburgh, US-based manufacturer specialising in high-quality metal powders for additive manufacturing and other advanced applications. The company has developed DirectPowder, a patented non-thermal powder production process that converts premium bar stock into powder, improving yield and affordability across a range of materials. MPW currently produces more than 16 metal powders, including high-strength aluminium, copper and copper-nickel alloys, as well as specialty materials such as CP-Ti and Zircaloy, and was recognised as Material Company of the Year in 2024 by the 3D Printing Industry Awards.
Average Trading Volume: 345,358
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$280.1M
Learn more about MPW stock on TipRanks’ Stock Analysis page.