OKYO Pharma Announces $5.84M Cash Raise and Payables Reduction
Portfolio Pulse from Benzinga Newsdesk
OKYO Pharma has raised $5.84 million in cash and reduced its payables. The company has not disclosed the source of the funds or the extent of the payables reduction.

October 31, 2023 | 11:26 am
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OKYO Pharma has raised significant cash and reduced its payables, which could improve its financial health and potentially its stock price.
Raising cash and reducing payables generally improves a company's financial health, which can make it more attractive to investors and potentially increase its stock price. However, without details on the source of the funds or the extent of the payables reduction, it's difficult to assess the full impact on OKYO Pharma's financial situation.
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