Not much initially but I view it is a positive, and deserved more than the 1% rise in SP. A $2.5m sum payable over 3 years - with free publicity and brand recognition courtesy of the Federal Government is a positive.
As per the release, ELX is upgrading it's production capabilities to accommodate for it's increased demand across it's Asian markets. As a shareholder, I would expect increased revenue and more cost-effective margins across the production of it's lasers.
Plus, ELX would've had to have made these upgrade themselves at one point so good on ELX management for securing a grant without having to dip into our own finances.
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- Ann: Ellex awarded $2.5m Federal Government Grant-ELX.AX
Ann: Ellex awarded $2.5m Federal Government Grant-ELX.AX, page-4
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Last
21.3¢ |
Change
0.003(1.19%) |
Mkt cap ! $48.67M |
Open | High | Low | Value | Volume |
21.0¢ | 21.3¢ | 21.0¢ | $1.903K | 9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 59999 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 110390 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 59999 | 0.210 |
2 | 173170 | 0.205 |
15 | 266694 | 0.200 |
3 | 119489 | 0.195 |
2 | 58636 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 110390 | 2 |
0.220 | 107010 | 2 |
0.225 | 45409 | 3 |
0.230 | 103718 | 2 |
0.235 | 20000 | 1 |
Last trade - 12.49pm 03/09/2024 (20 minute delay) ? |
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