IOV.XA is trading 4.8% up at $0.65 as the market reacts to Ion Video Ltd becoming completely debt-free following a recent note conversion.
- The move extends a sharp multi-day recovery from a low of $0.43 over the past week.
- The elimination of debt is expected to save the company an estimated $708,883 in future interest expenses.
- The improved balance sheet is driving positive sentiment and attracting significant speculative interest.