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IOUpay Limited ( (AU:OVT) ) has shared an update.
Ovanti Limited has applied to the ASX for quotation of 1 billion new ordinary fully paid shares under its issuer code OVT, expanding its listed equity base. The substantial new share issuance, flagged as part of previously announced transactions, will significantly increase the company’s free float and could have material implications for existing shareholders’ dilution, trading liquidity and Ovanti’s capacity to fund future strategic or operational initiatives.
The most recent analyst rating on (AU:OVT) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on IOUpay Limited stock, see the AU:OVT Stock Forecast page.
More about IOUpay Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$16.55M
See more insights into OVT stock on TipRanks’ Stock Analysis page.