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Company Overview
SensOre Ltd provides machine learning and artificial intelligence (AI) technologies for mining industries in Australia. The company structures its activities into three core business divisions to leverage the value of AI-Target opportunities: Technology, Exploration, and Exploration Services.
Initial Public Offering
The company had launched its IPO on the Australian Securities Exchange under the ticker S3N. We had covered this IPO in our ‘Kalkine IPO Report’ on December 20, 2021 and concluded that this IPO was only “Attractive for High-Risk appetite investor” given its niche technology backed by big data and artificial intelligence, strong clientele base, strong topline performance in FY21, and improved cash position.
Daily Price Chart (as on February 21, 2022). Source: REFINITIV, Analysis by Kalkine Group
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the closing price of AU$ 0.85 as on February 21, 2022, given:
*The reference data in this report has been partly sourced from Refinitiv
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