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Photomyne ( (IL:PHTM) ) has provided an update.
Photomyne Ltd announced a decision to increase its registered capital and issue new ordinary shares as part of its strategy to expand its product and service offerings and strengthen its financial stability. This issuance, subject to approval by the general meeting and the Tel Aviv Stock Exchange, aims to solidify the company’s equity base and ensure continued development, although completion is contingent on obtaining necessary approvals.
More about Photomyne
YTD Price Performance: 4.96%
Average Trading Volume: 1,349
Current Market Cap: ILS85.22M
For an in-depth examination of PHTM stock, go to TipRanks’ Stock Analysis page.