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X2M Connect Limited ( (AU:X2M) ) has issued an update.
X2M Connect Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. This move indicates a strategic financial maneuver to potentially enhance its operations and market positioning, particularly in the utilities sector where it already has a strong presence. The trading halt is expected to last until the announcement is made or normal trading resumes on July 15, 2025.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions aimed at the utilities sector. The company provides productivity improvements, cost savings, and enhanced public safety through its proprietary technology, which connects utility devices like water, gas, and electricity meters to the internet. X2M focuses on the Asia-Pacific region and is expanding globally, with operations in Japan and South Korea.
Average Trading Volume: 971,070
Technical Sentiment Signal: Sell
Current Market Cap: A$8.27M
For detailed information about X2M stock, go to TipRanks’ Stock Analysis page.