Datametrex AI Limited Proposes Share Consolidation for Capital Optimization

Datametrex AI Limited ( (TSE:DM) ) has provided an update.

Datametrex AI Limited announced a proposed consolidation of its common shares, aiming to optimize the capital structure and attract financing. The consolidation will change the share ratio to one new share for every thirty existing shares, reducing the number of shares from 630,080,158 to 21,002,671, subject to regulatory approval. This move is expected to impact the company’s operations by potentially improving its financial flexibility and attractiveness to investors.

More about Datametrex AI Limited

Datametrex AI Limited is a leader in technology solutions, artificial intelligence, healthcare, and mobile gaming. The company focuses on enhancing operational efficiencies and business outcomes through innovative tools and solutions.

Average Trading Volume: 263,142

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.09M

For a thorough assessment of DM stock, go to TipRanks’ Stock Analysis page.