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Galilee Energy Limited ( (AU:GLL) ) has provided an announcement.
Galilee Energy Limited announced a significant change in the director’s interest, with Raymond Shorrocks acquiring an additional 16,666,667 ordinary fully paid shares, increasing his total holdings to 31,635,957 shares. This acquisition was part of a share placement approved by shareholders, which could potentially strengthen the company’s capital base and support its strategic initiatives, impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:GLL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Galilee Energy Limited stock, see the AU:GLL Stock Forecast page.
More about Galilee Energy Limited
Galilee Energy Limited operates in the energy sector, focusing on the exploration and development of coal seam gas projects. The company aims to supply energy solutions and has a market focus on expanding its resource base and production capabilities.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.14M
For a thorough assessment of GLL stock, go to TipRanks’ Stock Analysis page.