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The latest announcement is out from Desert Control AS ( (DE:8KT) ).
Desert Control AS has successfully registered the issuance of 120,000 new shares, increasing its share capital to NOK 161,243.93 divided into 53,747,977 shares. This move is aimed at enhancing the company’s operations and market positioning by bolstering financial resources to further its mission of combating soil degradation and promoting ecosystem resilience. The registration of new shares is a strategic step likely to impact stakeholders by supporting Desert Control’s continued growth and sustainability initiatives.
More about Desert Control AS
Desert Control AS is a company focused on developing innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. Their primary product, Liquid Natural Clay (LNC), is designed to transform sandy, fast-draining soils to retain water and nutrients, thereby improving soil health, crop yields, and ecosystem vitality. The company aims to combat desertification, soil degradation, and water scarcity, providing customized solutions to strengthen sustainability, profitability, and prosperity for agriculture, forests, and green landscapes.
YTD Price Performance: 9.05%
Average Trading Volume: 7,282
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €24.9M
For detailed information about 8KT stock, go to TipRanks’ Stock Analysis page.
