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Range International Limited ( (AU:RAN) ) has issued an announcement.
Range International Limited has secured unsecured loan agreements totaling A$575K to ensure sufficient funding for its operations over the next 12 months. Despite recent negative cash flow due to increased inventory and legal fees, the company expects its financial performance to improve, supported by ongoing sales, including a significant order from P.T. Frisian Flag Indonesia. The company is confident in its ability to manage cash reserves and is exploring growth initiatives to enhance shareholder value.
More about Range International Limited
Range International Limited operates in the recycling industry, focusing on the manufacture of ‘zero-waste’ plastic pallets under the Re>Pal™ brand. The company primarily manufactures recycled plastic pallets for sale and rent, as well as a variety of recycled plastic products in Indonesia, catering to different industries.
YTD Price Performance: 0.0%
Average Trading Volume: 983,898
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.64M
Find detailed analytics on RAN stock on TipRanks’ Stock Analysis page.