$69 postpage LB

Nearmap Provides COVID-19 Business Update, No Material Impact on Current Trading

  • April 21, 2020 12:14 PM AEST
  • Team Kalkine

A technology-driven company, Nearmap Ltd. (ASX:NEA) provided an updated on the current trading conditions and how it is responding to COVID-19 impact.

Gold MTF non-AMP

The Company mentioned that it had not observed any material impact on the current trading conditions. Nevertheless, the cost management initiatives are being wisely implemented to preserve cash, maintain a strong balance sheet and maximising flexibility for future without a need for additional capital.

On 21 April 2020, the share price of NEA climbed by 11.25% to $1.335 at AEST 11:57 PM.


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