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Empire Energy Group Limited ( (AU:EEG) ) has issued an update.
Empire Energy Group Limited has announced a proposed issue of securities under a securities purchase plan. The plan includes issuing 9,375,000 options exercisable at A$0.24, expiring in 24 months, and 18,750,000 ordinary fully paid shares. This move is expected to enhance the company’s financial flexibility and support its ongoing projects, potentially strengthening its market position and providing value to stakeholders.
The most recent analyst rating on (AU:EEG) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:EEG Stock Forecast page.
More about Empire Energy Group Limited
Empire Energy Group Limited operates in the energy sector, focusing primarily on the exploration and production of oil and gas resources. The company is engaged in developing energy projects and holds a significant position in the Australian market.
Average Trading Volume: 478,362
Technical Sentiment Signal: Buy
Current Market Cap: A$200.9M
For an in-depth examination of EEG stock, go to TipRanks’ Stock Analysis page.