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REC Silicon ASA ( (RNWEF) ) has provided an announcement.
REC Silicon ASA has secured a USD 7.0 million short-term loan from Anchor AS, a subsidiary of its major shareholders, to address immediate operational capital needs. Despite this loan, the company anticipates requiring further financing to meet future cash flow requirements, highlighting ongoing financial challenges and reliance on shareholder support.
The most recent analyst rating on (RNWEF) stock is a Hold with a NOK8.00 price target. To see the full list of analyst forecasts on REC Silicon ASA stock, see the RNWEF Stock Forecast page.
More about REC Silicon ASA
REC Silicon is a leading producer of advanced silicon materials, providing high-purity silicon gases to the solar and electronics industries globally. With over 40 years of experience and proprietary technology, the company is headquartered in Lysaker, Norway, and is listed on the Oslo Stock Exchange.
YTD Price Performance: -58.47%
Average Trading Volume: 667,329
Current Market Cap: NOK627.6M
For a thorough assessment of RNWEF stock, go to TipRanks’ Stock Analysis page.