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An announcement from Silex Systems Limited ( (AU:SLX) ) is now available.
Silex Systems Limited announced the successful completion of its Share Purchase Plan (SPP), raising approximately $19.4 million, surpassing the initial target of $15 million. The funds will support the commercialization of the SILEX uranium enrichment technology in the US and other isotope enrichment opportunities, enhancing the company’s market positioning and operational capabilities.
The most recent analyst rating on (AU:SLX) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Silex Systems Limited stock, see the AU:SLX Stock Forecast page.
More about Silex Systems Limited
Silex Systems Limited is a technology commercialization company primarily focused on the development of the SILEX laser enrichment technology. This technology is being developed for uranium enrichment in collaboration with Global Laser Enrichment LLC in the US. Silex is also exploring applications in silicon-based quantum computing and medical isotope separation.
Average Trading Volume: 1,290,384
Technical Sentiment Signal: Sell
Current Market Cap: A$1.13B
For an in-depth examination of SLX stock, go to TipRanks’ Overview page.