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Ridley Corporation Limited ( (AU:RIC) ) has provided an update.
Ridley Corporation Limited has requested a trading halt on its securities pending an announcement about the outcome of an accelerated entitlement offer and placement, which is part of a capital raising effort to fund an acquisition. The trading halt is expected to prevent uninformed trading and will remain in place until the company releases the relevant announcement or until the commencement of normal trading on 13 May 2025.
More about Ridley Corporation Limited
Ridley Corporation Limited operates in the agricultural industry, primarily focusing on the production and supply of animal nutrition solutions. The company is known for its innovative feed products and services, catering to a wide range 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
Learn more about RIC stock on TipRanks’ Stock Analysis page.