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Farm Pride Foods Limited ( (AU:FRM) ) has issued an announcement.
Farm Pride Foods Limited has issued 1,745,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move aligns with the company’s compliance with relevant legal provisions and indicates a strategic decision to potentially enhance its market position and operational capacity, which could have implications for its stakeholders.
More about Farm Pride Foods Limited
Farm Pride Foods Limited is a leading ASX-listed company specializing in the farming, processing, and marketing of eggs and egg-related products. The company focuses on meeting the market’s demand for cage-free eggs and maintains strong relationships with supermarkets and industrial food manufacturers. Farm Pride is committed to high standards of environmental, social, and corporate governance, and is unique in Australia for manufacturing its own egg cartons using recycled materials.
YTD Price Performance: 50.0%
Average Trading Volume: 33,658
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$39.58M
For an in-depth examination of FRM stock, go to TipRanks’ Stock Analysis page.