Vermilion Energy (TSE:VET) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vermilion Energy Inc. has increased its stake in Coelacanth Energy Inc. by acquiring an additional 12,497,000 common shares, reaching a total ownership of approximately 20.84% of Coelacanth’s issued and outstanding shares. This strategic purchase, costing over $9 million, signals Vermilion’s ongoing investment interest, with the potential for future adjustments to their holdings based on various economic and market factors.
For further insights into TSE:VET stock, check out TipRanks’ Stock Analysis page.