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The latest update is out from Ridley Corporation Limited ( (AU:RIC) ).
Ridley Corporation Limited has announced an update to its previous securities issuance plan, specifically addressing the rounding of fractional entitlements, which will now be rounded up to the nearest whole number. This update is part of an accelerated non-renounceable entitlement offer, which could potentially enhance shareholder value and improve the company’s market position by increasing liquidity and capital availability.
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 is a key player in providing feed and nutrition products to livestock and aquaculture industries.
YTD Price Performance: 2.25%
Average Trading Volume: 435,960
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$846.4M
Learn more about RIC stock on TipRanks’ Stock Analysis page.