Australia's Wide Open Agriculture rises to over 3-week high on cost-cutting overhaul
02/07/2026 03:24
BUZZ-Australia's Wide Open Agriculture rises to over 3-week high on cost-cutting overhaul ** Shares of Wide Open Agriculture WOA.AX rise as much as 71.4% to A$0.012, their highest level since June 9
** Stock set to log its best session since March 13, if gains hold
** The plant-protein ingredient manufacturer says it will implement a series of initiatives to ensure its economics are built for capital-efficient expansion
** These initiatives include an immediate wind down of its German production facility to significantly reduce cash burn, a shift to a contract manufacturing arrangement, others
** About 6.4 million shares changed hands, 6.5 times the 30-day avg
** Down ~42% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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Australia's Wide Open Agriculture rises to over 3-week high on cost-cutting overhaul