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Atomo Diagnostics: Admitted to All Ordinaries index | Fintech InShorts: Latest fintech news, analysis by experts

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Atomo Diagnostics: Admitted to All Ordinaries index

By Steve Sam

July 22, 2020

Atomo Diagnostics: Admitted to All Ordinaries index

Atomo Diagnostics (AT1) has had an impressive couple of months since it listing on the ASX in April
The listing followed by an oversubscribed initial public offer, which raised $30 million
Today, less than a full quarter of trading, Atomo was admitted to the S&P Dow Jones All Ordinaries Index
During the quarter, Atomo received a number amount of orders for its rapid diagnostic test (RDT) devices due to COVID-19
Due to this demand, the company is accelerating its manufacturing and is aiming to produce around 500,000 devices every month
Despite the positive news, Atomo is down 7.69 per cent on the market today and is trading for 36 cents per share

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