Agriterra ( (GB:AGTA) ) has issued an update.
Agriterra Limited has announced plans to divest its Mozambique agricultural business to its majority shareholder, Chepstow Investments Limited, due to ongoing financial challenges and external economic pressures. This divestment will transform the company into an AIM Rule 15 cash shell, as it seeks shareholder approval to address its financial instability and explore new strategic directions.
More about Agriterra
Agriterra Limited is an African agricultural company focused on agricultural investment and sustainable development in Southern Africa. It operates in Mozambique with divisions in grain, beef, and snacks, aiming to improve local market access and the livelihoods of smallholder farmers.
YTD Price Performance: -21.35%
Average Trading Volume: 26,533
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £502.8K
For an in-depth examination of AGTA stock, go to TipRanks’ Stock Analysis page.