X2M Connect Limited ( (AU:X2M) ) has provided an announcement.
X2M Connect Limited announced the issuance of fully paid ordinary shares and/or options without disclosure to investors under specific parts of the Corporations Act. The company has complied with relevant provisions of the Corporations Act and confirmed no excluded information exists as of the announcement date. This move is part of X2M’s ongoing strategy to enhance its market presence and operational capabilities in the utilities sector, potentially impacting its stakeholders by reinforcing its financial position and supporting its expansion plans.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector. Their technology connects devices such as water, gas, and electricity meters to the internet, enabling data exchange and remote control. The company focuses on the Asia-Pacific region and is expanding globally, with operations in Japan, South Korea, Taiwan, China, and now the Middle East.
YTD Price Performance: -33.33%
Average Trading Volume: 217,575
Technical Sentiment Signal: Buy
Current Market Cap: A$7.57M
For an in-depth examination of X2M stock, go to TipRanks’ Stock Analysis page.