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Eden Innovations ( (AU:EDE) ) just unveiled an announcement.
Eden Innovations Ltd has successfully completed the sale of its Georgia property for US$5 million, significantly reducing its debt. The proceeds were used to repay a substantial portion of the iBorrow loan, decreasing the company’s total debt by approximately 70% to AUD $5.2 million. This financial restructuring, alongside growing sales of its core products, positions Eden for a more stable financial future.
More about Eden Innovations
Eden Innovations Ltd operates in the industrial sector, focusing on innovative products such as EdenCrete® admixtures and the OptiBlend dual fuel system. The company is committed to enhancing its market position through financial restructuring and product sales growth.
YTD Price Performance: 92.86%
Average Trading Volume: 763,651
Technical Sentiment Signal: Sell
Current Market Cap: A$19.94M
For detailed information about EDE stock, go to TipRanks’ Stock Analysis page.