Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
XRF Scientific Limited ( (AU:XRF) ) has issued an announcement.
XRF Scientific will establish a new office in India, marking a strategic shift from a distributor-led model to a direct presence in what it views as a key long-term growth market driven by mining and industrial demand. The Indian operation, to begin trading in February under Country Manager Sanjay Mitra with an initial team of five mainly transferred from former distributor San Global Scientific, is expected to deepen penetration of lithium borate fusion sample preparation and other core products, deploy greater resources to expand sales, and bolster customer confidence in the company’s long-term commitment to the rapidly expanding Indian market.
The most recent analyst rating on (AU:XRF) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on XRF Scientific Limited stock, see the AU:XRF Stock Forecast page.
More about XRF Scientific Limited
XRF Scientific Limited is an ASX-listed Australian company based in Perth that manufactures equipment and chemicals used to prepare samples for analysis, servicing production mines, construction materials companies and commercial analytical laboratories worldwide. With manufacturing, sales and support operations in Australia, Europe and Canada and a broad distributor network across the Americas, Africa, the Middle East and Asia, its technologies support industrial quality and process control across metals and mining, construction materials, chemicals and petrochemicals for major blue-chip customers including leading global miners and testing laboratories.
Average Trading Volume: 167,212
Technical Sentiment Signal: Buy
Current Market Cap: A$303.1M
For an in-depth examination of XRF stock, go to TipRanks’ Overview page.