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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has provided an announcement.
Nutritional Growth Solutions Ltd. has successfully completed a share placement, raising $760,000 AUD by issuing 38,000,000 shares at $0.02 AUD each to sophisticated and professional investors. The funds will be used for inventory purchase for retail expansion, working capital, and settling outstanding creditors. This strategic move is expected to enhance the company’s operational capabilities and strengthen its market position in the growing nutritional supplements sector.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions Ltd. is a U.S.-based health, nutrition, and wellness company specializing in developing, producing, and selling clinically tested nutritional formulas for children. The company targets the significant market opportunity for children aged three to twelve years, differentiating itself with an expanding product portfolio.
Average Trading Volume: 161,749
Technical Sentiment Signal: Sell
Current Market Cap: A$3.7M
For a thorough assessment of NGS stock, go to TipRanks’ Stock Analysis page.