Powerhouse Ventures Ltd. ( (AU:PVL) ) has issued an update.
Powerhouse Ventures Limited has successfully raised $2 million through a strategic placement, issuing shares at $0.09 each. This capital will be used to support working capital, investments, and the growth of their fund products, aligning with the company’s strategy to expand its funds management and advisory services. The placement, which saw strong support from both new and existing investors, is part of PVL’s broader strategy to enhance its market position by focusing on predictable annuity revenue and unique transactional profits.
More about Powerhouse Ventures Ltd.
Powerhouse Ventures Limited (PVL) operates in the financial services industry with a focus on funds management, advisory services, and a profit-generating treasury function. The company aims to grow its Funds Under Management (FUM) and expand its advisory services, leveraging strategic investments and restructuring efforts.
YTD Price Performance: 5.56%
Average Trading Volume: 193,816
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$13.04M
For detailed information about PVL stock, go to TipRanks’ Stock Analysis page.