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An announcement from X2M Connect Limited ( (AU:X2M) ) is now available.
X2M Connect Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. This move is part of the company’s strategic efforts to strengthen its financial position and support its ongoing operations in the utilities sector. The trading halt is expected to end with the announcement or the resumption of normal trading on 18 June 2025. This development could have significant implications for X2M’s market positioning and stakeholder interests, as it seeks to capitalize on growing demand in the IoT and utility markets.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector. The company provides productivity improvements, cost savings, and enhanced public safety through its proprietary technology, which connects utility devices such as water, gas, and electricity meters to the internet. X2M focuses on the Asia-Pacific region and aims to expand globally, leveraging its expertise in data collection, analytics, and device control.
Average Trading Volume: 148,002
Technical Sentiment Signal: Sell
Current Market Cap: A$8.54M
For a thorough assessment of X2M stock, go to TipRanks’ Stock Analysis page.