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Australian Dairy Nutritionals Group ( (AU:AHF) ) just unveiled an update.
Australian Dairy Nutritionals Limited has completed its 1-for-6 pro rata non-renounceable entitlement offer, issuing 19,109,443 new shares and raising about $535,000 before costs, with total shares on issue increasing to 762,431,258. The company will allot and list the new shares immediately and retains the option to place the 104,777,527-share shortfall to investors within three months at no less than $0.028 per share, providing additional capital-raising flexibility that could support its operations and growth in the competitive dairy nutrition market.
The most recent analyst rating on (AU:AHF) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Australian Dairy Nutritionals Group stock, see the AU:AHF Stock Forecast page.
More about Australian Dairy Nutritionals Group
Australian Dairy Nutritionals Group is a vertically integrated Australian dairy producer operating organic and organic A2 dairy farms and a processing facility in southwestern Victoria’s ‘Golden Triangle’ dairy region. The group manufactures the Ocean Road Dairies Organic A2 infant formula range using farm-fresh milk from its own organic farms at its Camperdown, Victoria factory.
Average Trading Volume: 466,332
Technical Sentiment Signal: Sell
Current Market Cap: A$25.15M
For an in-depth examination of AHF stock, go to TipRanks’ Overview page.