An announcement from Galilee Energy Limited ( (AU:GLL) ) is now available.
Galilee Energy Limited has issued 16,666,667 fully paid ordinary shares under a placement announced on 24 March 2025. The company has complied with relevant provisions of the Corporations Act and reports no excluded information requiring disclosure, indicating a strategic move to strengthen its financial position and potentially enhance its market presence.
More about Galilee Energy Limited
Galilee Energy is advancing towards becoming an integrated and diversified sustainable energy company and a key supplier of natural gas to the east coast market of Australia. The company is the 100% owner of one of the largest uncontracted natural gas resources on the east coast of Australia, located within the Glenaras Gas Project in Queensland’s Galilee Basin. The Glenaras Gas project’s location and environmental credentials, including the production of fresh water from its coals for beneficial use in crop production along with low CO2 levels, positions Galilee to be a material supplier of sustainable energy.
Average Trading Volume: 447,452
Technical Sentiment Signal: Buy
Current Market Cap: A$4.72M
See more data about GLL stock on TipRanks’ Stock Analysis page.