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Altima Resources ( (TSE:ARH) ) has provided an update.
Altima Energy Inc. has announced a private placement to raise up to $5.5 million, pending approval from the TSX Venture Exchange. The funds will be used to enhance oil and gas operations, including field upgrades at Red Earth and Richdale properties, which aim to boost production and support future acquisitions.
More about Altima Resources
Altima Energy Inc. operates in the oil and gas industry, focusing on the development and acquisition of energy resources. The company is involved in enhancing production capabilities through field upgrades and strategic investments.
Average Trading Volume: 119,204
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$19.42M
For an in-depth examination of ARH stock, go to TipRanks’ Overview page.