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Veem Ltd ( (AU:VEE) ) just unveiled an announcement.
VEEM Limited has requested a trading halt on its securities as it prepares to announce a proposed capital raising and a significant customer contract. This strategic move is expected to impact the company’s operations and market positioning, potentially influencing stakeholder interests and future growth prospects.
The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.
More about Veem Ltd
VEEM Limited operates in the engineering industry, specializing in the production of high-precision marine propulsion and stabilization systems. The company focuses on delivering advanced maritime technology solutions to enhance vessel performance and efficiency.
Average Trading Volume: 193,648
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$202.6M
For detailed information about VEE stock, go to TipRanks’ Stock Analysis page.