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Microba Life Sciences Limited ( (AU:MAP) ) has shared an update.
Microba Life Sciences Limited has announced a capital raise through a placement and a share purchase plan, aiming to gather a total of $14.5 million before costs. This financial maneuver involves issuing new ordinary shares and options, with the first tranche of shares already issued and quoted on the ASX. This capital raise is expected to bolster Microba’s financial position, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:MAP) stock is a Buy with a A$0.33 price target. To see the full list of analyst forecasts on Microba Life Sciences Limited stock, see the AU:MAP Stock Forecast page.
More about Microba Life Sciences Limited
Microba Life Sciences Limited operates in the biotechnology industry, focusing on microbiome analysis and related services. The company is known for its innovative approaches in understanding the human microbiome, which has significant implications for health and disease management.
Average Trading Volume: 202,977
Technical Sentiment Signal: Sell
Current Market Cap: A$38.52M
Find detailed analytics on MAP stock on TipRanks’ Stock Analysis page.