The latest update is out from Intelligent Monitoring Group Limited ( (AU:IMB) ).
Intelligent Monitoring Group Limited has drawn down $85 million from its secured banking facilities with National Australia Bank, allowing it to repay previous debts and significantly reduce interest costs. Additionally, the company’s securities will be included in the Australian All-Ordinaries Index, marking a significant milestone in its growth strategy.
More about Intelligent Monitoring Group Limited
Intelligent Monitoring Group Limited operates in the security services industry, focusing on becoming a leading provider in Australasia. The company offers security solutions and services, aiming to expand its market presence through organic growth and acquisitions.
YTD Price Performance: -10.71%
Average Trading Volume: 309,801
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$177.5M
See more insights into IMB stock on TipRanks’ Stock Analysis page.