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An update from Cobram Estate Olives Ltd. ( (AU:CBO) ) is now available.
Cobram Estate Olives Limited has announced the issuance of 1,901,830 shares at $3.20 per share under its Share Purchase Plan, alongside an additional 625,000 shares issued in a shortfall placement at the same price. This move aligns with the company’s compliance with relevant provisions of the Corporations Act 2001, indicating a strategic effort to bolster its financial standing and maintain transparency with stakeholders.
The most recent analyst rating on (AU:CBO) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Cobram Estate Olives Ltd. stock, see the AU:CBO Stock Forecast page.
More about Cobram Estate Olives Ltd.
Cobram Estate Olives Limited is Australia’s largest vertically integrated olive farmer and marketer, specializing in premium quality extra virgin olive oil. The company owns several premium olive oil brands, including Cobram Estate® and Red Island®, and operates extensive olive farming assets in Victoria, Australia, and California, USA. With a robust infrastructure that includes olive mills, bottling facilities, and a laboratory, CBO is a leader in the Australian olive industry and a global leader in sustainable olive farming.
Average Trading Volume: 841,420
Technical Sentiment Signal: Buy
Current Market Cap: A$1.6B
Learn more about CBO stock on TipRanks’ Stock Analysis page.