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An update from Cobram Estate Olives Ltd. ( (AU:CBO) ) is now available.
Cobram Estate Olives Limited has issued 54,687,500 fully paid ordinary shares at $3.20 per share without disclosure under Part 6D.2 of the Corporations Act 2001. This move indicates the company’s compliance with relevant legislative provisions and suggests a strategic financial maneuver to strengthen its market position, potentially impacting stakeholders positively by enhancing its operational capabilities and market reach.
The most recent analyst rating on (AU:CBO) stock is a Buy with a A$3.44 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 both Australia and California, USA. With over 2.6 million olive trees in Victoria and 790,000 in California, CBO is a leader in the Australian olive industry and a global leader in sustainable olive farming.
Average Trading Volume: 590,077
Technical Sentiment Signal: Buy
Current Market Cap: A$1.35B
Find detailed analytics on CBO stock on TipRanks’ Stock Analysis page.