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The latest announcement is out from Motio Limited ( (AU:MXO) ).
Motio Limited has announced the divestment of its Spawtz software business for $1.35 million, aiming to focus on its core media business and reduce debt. This strategic move allows Motio to maintain access to Spawtz’s media-related services, ensuring continued development of its motio.play channel while securing a stable financial position and enabling future growth opportunities in the media sector.
More about Motio Limited
Motio Limited is a company operating in the media industry, focusing on providing dynamic media interfaces that integrate out-of-home advertising, digital, and video into a singular platform. The company aims to influence, engage, and connect audiences through its unique media solutions, with a significant presence in sports centers across Australia.
YTD Price Performance: 13.33%
Average Trading Volume: 359,751
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$9.47M
See more insights into MXO stock on TipRanks’ Stock Analysis page.