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The latest announcement is out from Superloop Ltd. ( (AU:SLC) ).
Superloop Ltd. has issued 2,162,350 fully paid ordinary shares to Origin Energy, subject to a 12-month voluntary escrow, as part of a strategic move to enhance its market position. This issuance, executed without disclosure under the Corporations Act, signifies Superloop’s compliance with regulatory requirements and its commitment to expanding its operational capabilities and market reach.
The most recent analyst rating on (AU:SLC) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on Superloop Ltd. stock, see the AU:SLC Stock Forecast page.
More about Superloop Ltd.
Founded in 2014 and listed on the ASX since 2015, Superloop Ltd. is focused on providing better internet services for Australian homes and businesses. The company supports challenger retail brands like Superloop and Exetel, offering connectivity and services across consumer, business, and wholesale segments. Superloop leverages its Infrastructure-on-Demand platform and investments in physical infrastructure assets such as fiber, subsea cables, and fixed wireless, serving hundreds of thousands of customers daily.
Average Trading Volume: 2,255,786
Technical Sentiment Signal: Buy
Current Market Cap: A$1.58B
See more insights into SLC stock on TipRanks’ Stock Analysis page.