An update from MingZhu Logistics Holdings ( (YGMZ) ) is now available.
On January 15, 2025, Mingzhu Logistics Holdings Limited entered into a securities purchase agreement to sell up to 120 million restricted ordinary shares at $0.4 per share, amounting to approximately $48 million. The proceeds are intended to enhance the company’s logistics operations with AI technology and for general corporate purposes, potentially impacting its industry positioning by modernizing its services.
More about MingZhu Logistics Holdings
Mingzhu Logistics Holdings Limited operates within the logistics industry, focusing on the transformation of its operations through the implementation of AI-driven systems.
YTD Price Performance: -21.59%
Average Trading Volume: 51,864
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.3M
For an in-depth examination of YGMZ stock, go to TipRanks’ Stock Analysis page.