Vection Technologies Ltd. ( (AU:VR1) ) just unveiled an update.
Vection Technologies Ltd has announced the issuance of 8,165,096 fully paid ordinary shares, with a significant portion allocated to an employee under the Employee Securities Incentive Plan and to a consultant for services rendered. This strategic move, conducted under the Corporations Act, is aimed at optimizing the company’s financial operations and enhancing its market positioning without the need for cash transactions.
More about Vection Technologies Ltd.
Vection Technologies Ltd operates in the technology industry, providing innovative solutions with a focus on virtual reality and augmented reality applications. The company has a global presence with offices in key locations such as Perth, Sydney, San Francisco, Milan, and Abu Dhabi.
YTD Price Performance: -10.0%
Average Trading Volume: 5,874,355
Technical Sentiment Signal: Sell
Current Market Cap: A$41.1M
For a thorough assessment of VR1 stock, go to TipRanks’ Stock Analysis page.