Another 52 week high today, as Dug announced that they will receive a $5 m grant from the WA government to finance a high performance computing campus. "It will enable a thirteen fold growth in Dug's compute power".
The company also announced an update of its net cash at 30/6/23 which showed another increase of their cash position vs 30/3/23, confirming that the company is probably producing a regular level of free cash flow.
The stock had a large rebound in the short term, but it is also hardly above the level of its IPO price in Aug 20.
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