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Xeros Technology ( (GB:XSG) ) just unveiled an announcement.
Xeros Technology Group plc has successfully closed its Follow-On Subscription, raising approximately £1.95 million through the issuance of 111,382,871 new ordinary shares. This brings the total funds raised to £5.95 million, contingent on the approval of resolutions at the upcoming General Meeting. The new shares are expected to be admitted for trading on 1 December 2025, enhancing the company’s financial position and potentially strengthening its market presence.
The most recent analyst rating on (GB:XSG) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Xeros Technology stock, see the GB:XSG Stock Forecast page.
Spark’s Take on GB:XSG Stock
According to Spark, TipRanks’ AI Analyst, GB:XSG is a Neutral.
Xeros Technology’s overall stock score is primarily impacted by its poor financial performance, characterized by consistent losses and negative cash flow. While technical analysis shows some positive momentum, the company’s valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:XSG stock, click here.
More about Xeros Technology
Xeros Technology Group plc operates in the technology industry, focusing on innovations that reduce the environmental impact of clothing. The company is known for creating technologies aimed at sustainable clothing care solutions.
Average Trading Volume: 2,757,777
Technical Sentiment Signal: Hold
Current Market Cap: £9.89M
For an in-depth examination of XSG stock, go to TipRanks’ Overview page.