Omni-Lite Canada (TSE:OML) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Omni-Lite Industries Canada Inc. has announced that California Nanotechnologies has fully repaid its outstanding debt of approximately US$600,000, boosting Omni-Lite’s cash reserves and contributing to a one-time gain of around US$200,000. Additionally, the sale of about 230,000 Cal Nano shares will further increase Omni-Lite’s cash position in the fourth quarter of 2024.
For further insights into TSE:OML stock, check out TipRanks’ Stock Analysis page.