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Alligator Energy Secures $17.25 Million in New Share Placement

Story Highlights
  • Alligator Energy completed a $17.25 million placement, issuing over 556 million shares.
  • The funds will support exploration in uranium and energy minerals, boosting market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alligator Energy Secures $17.25 Million in New Share Placement

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Alligator Energy Ltd ( (AU:AGE) ) has issued an announcement.

Alligator Energy Limited has successfully completed a $17.25 million placement to institutional and sophisticated investors, issuing over 556 million fully paid ordinary shares. This capital injection supports the company’s ongoing exploration and development activities, as it continues to seek opportunities in uranium and energy minerals, potentially enhancing its market position.

The most recent analyst rating on (AU:AGE) stock is a Buy with a A$0.10 price target. To see the full list of analyst forecasts on Alligator Energy Ltd stock, see the AU:AGE Stock Forecast page.

More about Alligator Energy Ltd

Alligator Energy Limited operates in the energy sector, focusing on uranium and energy minerals exploration and development. The company is actively pursuing business development opportunities in these areas, with ongoing negotiations for land access for future exploration drilling.

Average Trading Volume: 14,079,902

Technical Sentiment Signal: Sell

Current Market Cap: A$104.6M

For a thorough assessment of AGE stock, go to TipRanks’ Stock Analysis page.

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