- Auctus Investment Group (AVC) has entered back-to-back trading halts as it gets ready to announce a capital raise
- The company said the trading halts will remain in place until Wednesday, August 19
- Auctus ended the June quarter cash-flow positive, with an additional $1.8 million in the bank
- It also recorded positive growth in the number of assets it was managing, up 15 per cent to $105 million
- Shares in the company last traded for 44 cents per share on August 12
Investment manager Auctus Investment Group (AVC) has entered back-to-back trading halts as it gets ready to announce a capital raise.
No details about the raise have been released at this stage, but the company said the trading halts will remain in place until Wednesday, August 19 at the lastest.
Recently, Auctus Investment Group ended the June quarter cash-flow positive, with $346,000 on its operating balance sheet after receiving $1.1 million in customer receipts.
The company also ended the same June 2020 quarter with over $1.8 million in the bank.
The investment manager had a positive June quarter in terms of the number of assets it had under management, up 15 per cent quarter-on-quarter to $105 million.
Before today’s back-to-back trading halts were implemented, shares in AVC were trading for 44 cents per share on August 12.