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An update from OpenLearning Ltd. ( (AU:OLL) ) is now available.
OpenLearning Limited has announced the issuance of 3,559,000 fully paid ordinary shares following a private placement, as detailed in their recent ASX release. This move is part of the company’s compliance with the Corporations Act, and it reflects OpenLearning’s ongoing efforts to strengthen its financial position and expand its market reach. The issuance of shares without disclosure underlines the company’s confidence in its strategic direction and potential for growth, which could have significant implications for its stakeholders and market positioning.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered learning management system that offers a comprehensive suite of tools for online learning, course creation, and delivery. It serves educational institutions, corporations, and governments, partnering with over 250 leading education providers to deliver thousands of courses to more than 3 million learners. The company is well-established in the Australian and Malaysian higher education sectors and is expanding its presence in the Philippines, Indonesia, and India.
Average Trading Volume: 1,467,383
Technical Sentiment Signal: Buy
Current Market Cap: A$22.86M
Learn more about OLL stock on TipRanks’ Stock Analysis page.