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An update from Ridley Corporation Limited ( (AU:RIC) ) is now available.
Ridley Corporation Limited has announced a proposed issue of 42,507,768 ordinary fully paid securities as part of an accelerated non-renounceable entitlement offer. This move is likely aimed at raising capital to support the company’s operations and strategic initiatives, potentially enhancing its market position and providing value to its stakeholders.
More about Ridley Corporation Limited
Ridley Corporation Limited operates in the agribusiness sector, focusing on the production of animal nutrition solutions. The company is known for its development and supply of high-quality feed products for a variety of livestock and aquaculture markets.
YTD Price Performance: -12.08%
Average Trading Volume: 405,813
Technical Sentiment Signal: Hold
Current Market Cap: A$735.9M
Find detailed analytics on RIC stock on TipRanks’ Stock Analysis page.
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