Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Zoono Group Limited ( (AU:ZNO) ) just unveiled an announcement.
Zoono Group Limited has announced a pro rata non-renounceable rights issue, offering one new share for every seven existing shares at $0.035 per share, aiming to raise approximately $1.78 million. This capital raising initiative is intended to strengthen the company’s financial position, potentially enhancing its market presence and operational capabilities, while also presenting speculative investment opportunities for shareholders.
More about Zoono Group Limited
Zoono Group Limited operates in the biotechnology industry, focusing on the development and distribution of antimicrobial solutions. The company’s primary products are based on its proprietary Zoono technology, which provides long-lasting protection against germs and pathogens. Zoono targets both consumer and commercial markets, emphasizing hygiene and safety across various sectors.
Average Trading Volume: 721,286
Technical Sentiment Signal: Hold
Current Market Cap: A$11.37M
See more data about ZNO stock on TipRanks’ Stock Analysis page.