The latest update is out from Argeo AS ( (DE:8W20) ).
Argeo AS has successfully raised NOK 150 million through a private placement and plans a subsequent offering to raise NOK 96 million more, aimed at expanding its shareholder base. This financial move is expected to enhance Argeo’s operational capabilities and strengthen its position in the offshore service industry, particularly in digital imaging and autonomous robotics solutions.
More about Argeo AS
Argeo is an offshore service company focused on transforming the ocean surveying and inspection industry through the use of autonomous surface and underwater robotics solutions. The company provides highly accurate digital models and digital twin solutions for various market segments, including Oil & Gas, Renewables, Marine Minerals, and Offshore Installations. Established in 2017, Argeo operates globally with offices in Oslo, Tromsø, Stockholm, Houston, and Singapore, and is listed on the Euronext Oslo Børs.
YTD Price Performance: 22.78%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €45.17M
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