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Nuchev Pty Ltd ( (AU:NUC) ) has issued an announcement.
Nuchev Limited has secured a $2 million unsecured Working Capital Facility funded by two substantial shareholders. This facility will enable the company to expedite its growth plans, providing flexibility to explore further expansion opportunities and aim for positive cash flows and profitability in the short to medium term.
The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.
More about Nuchev Pty Ltd
Nuchev is an Australian-based Nutritional and Wellness business offering products under brands like Oli6®, Bio Practica, and Medicine Tree. It also distributes globally recognized European brands in Australia and New Zealand, focusing on practitioners and prescription-only products. Nuchev’s Oli6® is available in Australian pharmacies, grocery channels, and online in China, with recent expansion into Vietnam.
Average Trading Volume: 19,661
Technical Sentiment Signal: Sell
Current Market Cap: A$21.78M
Find detailed analytics on NUC stock on TipRanks’ Stock Analysis page.