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The latest update is out from X2M Connect Limited ( (AU:X2M) ).
X2M Connect Limited has announced the issuance of fully paid ordinary shares and/or options as outlined in their recent ASX Appendix 2A filing. The company confirms compliance with relevant provisions of the Corporations Act and reports no excluded information. This move underscores X2M’s ongoing efforts to strengthen its position in the utilities sector and expand its market reach, potentially impacting its financial operations and stakeholder interests.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector, providing productivity improvements, cost savings, and enhanced public safety. Their technology connects utility devices to the internet, facilitating data exchange and remote device control, with a focus on artificial intelligence, renewable energy, and battery storage markets. They operate mainly in the Asia-Pacific region, with plans for global expansion, and have recently entered the Middle East market.
YTD Price Performance: -33.33%
Average Trading Volume: 176,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.54M
For a thorough assessment of X2M stock, go to TipRanks’ Stock Analysis page.
