Opthea to Delist from Nasdaq, Focuses on ASX and Australian Market
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Opthea Limited (AU:OPT) has announced its voluntary delisting from the Nasdaq Stock Market, while retaining its listing on the Australian Securities Exchange (ASX). This decision aims to streamline operations and reduce costs, focusing on the Australian market to enhance shareholder value. The company will continue its American Depositary Receipt program for U.S. investors in the OTC market. The latest analyst rating for Opthea stock is a Sell, with a price target of A$0.05. Current market cap stands at A$738.8M.
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