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Primorus Investments ( (GB:PRIM) ) just unveiled an update.
Primorus Investments plc has increased its stake in Interpac Ltd by investing an additional £275,000, acquiring 27,500 new ordinary shares. This investment is part of a £3.6 million fundraising effort by Interpac, aimed at enhancing its management team and expanding production and sales following the successful deployment of its initial corrugator. The investment reflects confidence in Interpac’s strategy, as evidenced by the premium paid over previous investments.
More about Primorus Investments
Primorus Investments plc operates in the investment industry, focusing on strategic investments in innovative companies. The company is known for investing in businesses with potential for growth and sustainability, such as Interpac Ltd, which specializes in environmentally friendly corrugation processes for cardboard manufacturing.
YTD Price Performance: -2.67%
Average Trading Volume: 195,205
Technical Sentiment Signal: Sell
Current Market Cap: £5.1M
See more data about PRIM stock on TipRanks’ Stock Analysis page.