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Eco Buildings Group ( (GB:ECOB) ) has shared an update.
Eco Buildings Group PLC announced the issuance of 3 million new ordinary shares to settle existing liabilities, with these shares expected to be admitted to AIM around January 23, 2025. This move increases the company’s total issued share capital to over 84 million shares. Eco Buildings has secured significant contracts in Albania and Kosovo, projected to generate substantial revenue, reflecting the growing market demand for their factory-based building technology which addresses housing stock deficits and concerns over construction cost, speed, quality, and affordability.
More about Eco Buildings Group
Eco Buildings Group PLC is a UK-listed company and a leading innovator in prefabricated, green housing products. They leverage proven technology based on glass fiber reinforced gypsum panels to offer modular housing solutions that cater to both affordable and high-end housing markets, focusing on cost efficiency, speed of construction, and sustainability. The company has a growing portfolio of international projects and is dedicated to redefining construction for the future.
YTD Price Performance: 3.45%
Average Trading Volume: 360,201
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.11M
Find detailed analytics on ECOB stock on TipRanks’ Stock Analysis page.
