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IOUpay Limited ( (AU:OVT) ) has issued an update.
Ovanti Limited has applied to the ASX for quotation of 200 million new fully paid ordinary shares (ASX code: OVT), expanding its listed securities base. The issuance, previously flagged via an Appendix 3B, marks a substantial increase in Ovanti’s capital structure and will be closely watched by shareholders and prospective investors for its implications on ownership dilution, liquidity in the stock, and the company’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$19.55M
See more insights into OVT stock on TipRanks’ Stock Analysis page.