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Aurrigo International PLC ( (GB:AURR) ) just unveiled an announcement.
Aurrigo International PLC announced that it has successfully raised approximately £4.0 million through an oversubscribed placing of nearly 9 million new ordinary shares. This fundraising effort, combined with previous subscriptions, brings the total gross proceeds to £13.8 million, excluding potential additional funds from a retail offer. The capital raised will support the company’s expansion efforts and the launch of its leading transport technology solutions, enhancing its market positioning and operational capabilities.
The most recent analyst rating on (GB:AURR) stock is a Hold with a £47.00 price target. To see the full list of analyst forecasts on Aurrigo International PLC stock, see the GB:AURR Stock Forecast page.
Spark’s Take on GB:AURR Stock
According to Spark, TipRanks’ AI Analyst, GB:AURR is a Neutral.
Aurrigo International PLC’s overall stock score is primarily influenced by its financial performance challenges and bearish technical indicators. However, positive corporate events provide a potential for future growth, partially offsetting the negative aspects.
To see Spark’s full report on GB:AURR stock, click here.
More about Aurrigo International PLC
Aurrigo International PLC is a leading international provider of transport technology solutions. The company focuses on developing innovative transport solutions and has a strong presence in the market for advanced mobility technologies.
Average Trading Volume: 22,857
Technical Sentiment Signal: Sell
See more insights into AURR stock on TipRanks’ Stock Analysis page.