Canada's Organto Foods arranges private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2024
0mins
Source: SeekingAlpha
- Private Placement by Organto Foods: Organto Foods arranged a private placement of 5.75 million common shares at C$0.10 per share, raising proceeds of C$575,000.
- Subscriber Details: Steve Bromley, the Chair and Co-CEO of Organto Foods, subscribed for 5,150,000 common shares under the private placement, totaling C$515,000.
- Ownership Percentages: After the private placement, securities held or controlled by Bromley will represent 18.40% of issued and outstanding common shares on a non-diluted basis and 19.01% on a partially diluted basis.
- Financial Information: The news article mentions historical earnings data and financial information related to Organto Foods.
Analyst Views on CA
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 25.020
Low
Averages
High
Current: 25.020
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
