Skip to content
SHAKET THE TIN-03

Shake the tin

XTEK Ltd (ASX: XTE) has announced a $2.7 million capital raise.

When an ASX-listed company announces a capital raising, it generally means it is selling more shares to raise money.

More often than not, the shares are sold at a discount to the company’s share price at the time to entice new and existing investors.

Following the announcement shares of Xtek Ltd plummeted 20.55%.

See more stories like this

download-the-app-today
0
    0
    Your Cart
    Your cart is emptyReturn to Shop
      Apply Coupon