Calima Energy Ltd (AU:CE1) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Calima Energy Ltd has announced its upcoming delisting from the ASX on December 18, 2024, following shareholder approval. The company has initiated a second buy-back of shares, potentially purchasing up to 316.7 million shares for a total of $2.64 million. Additionally, Calima has sold its remaining asset, Calima Energy Inc, for A$1.3 million, marking a significant restructuring phase.
For further insights into AU:CE1 stock, check out TipRanks’ Stock Analysis page.