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Aspen Group Limited ( (AU:APZ) ) has issued an update.
Aspen Group Limited has issued 24.2 million fully paid ordinary stapled securities at A$2.90 each to institutional and professional investors as part of an institutional placement. This move, conducted alongside a non-underwritten securities purchase plan, aims to strengthen the company’s capital base without the need for a prospectus, reflecting its compliance with relevant disclosure obligations.
The most recent analyst rating on (AU:APZ) stock is a Buy with a A$2.48 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.
More about Aspen Group Limited
Aspen Group Limited operates in the real estate industry, focusing on property investment and management. The company offers a range of property-related services and is involved in managing the Aspen Property Trust.
YTD Price Performance: 37.80%
Average Trading Volume: 305,904
Technical Sentiment Signal: Buy
Current Market Cap: A$680.7M
For a thorough assessment of APZ stock, go to TipRanks’ Stock Analysis page.