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Ridley Corporation Limited ( (AU:RIC) ) has shared an update.
Ridley Corporation Limited has issued over 16 million fully paid ordinary shares at $2.12 each to institutional investors as part of an institutional placement. This move is in compliance with the Corporations Act 2001 and aims to strengthen the company’s financial position, potentially impacting its market strategy and stakeholder interests positively.
The most recent analyst rating on (AU:RIC) stock is a Buy with a A$2.65 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.
More about Ridley Corporation Limited
Ridley Corporation Limited operates in the agribusiness sector, focusing on the production of animal nutrition solutions. The company provides a range of feed products and services tailored to livestock and aquaculture industries, aiming to enhance productivity and sustainability in these markets.
Average Trading Volume: 408,075
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$833.8M
For an in-depth examination of RIC stock, go to TipRanks’ Stock Analysis page.