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An announcement from Forbidden Foods Ltd ( (AU:OMG) ) is now available.
OMG Group Limited has issued 3.5 million fully paid ordinary shares at $0.007 per share, expanding its equity base at a low issue price that may support ongoing funding needs for its health and wellness food operations. The company stated that the shares were issued without a prospectus under applicable Corporations Act provisions, confirmed its compliance with financial reporting and continuous disclosure obligations, and indicated there is no undisclosed price-sensitive information, aiming to reassure investors about transparency and regulatory adherence.
The most recent analyst rating on (AU:OMG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Forbidden Foods Ltd stock, see the AU:OMG Stock Forecast page.
More about Forbidden Foods Ltd
OMG Group Limited is an Australian health and wellness food company focused on clean, sustainable and healthy products. Its core brands, Blue Dinosaur and OMG, target consumer demand for better-for-you foods in the growing health-conscious segment of the food market.
Average Trading Volume: 2,076,811
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6M
For detailed information about OMG stock, go to TipRanks’ Stock Analysis page.