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Amplitude Energy ( (AU:AEL) ) has issued an update.
Amplitude Energy Limited has announced a proposed issue of securities, including an accelerated non-renounceable entitlement offer and a placement. This move is aimed at raising capital, with a total of 625,877,905 ordinary fully paid securities set to be issued. This strategic financial decision is expected to enhance the company’s operational capabilities and strengthen its market position.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
More about Amplitude Energy
Amplitude Energy Limited operates in the energy sector, focusing on the production and distribution of energy resources. The company is involved in providing energy solutions and services, with a market focus on expanding its reach through strategic financial maneuvers.
Average Trading Volume: 6,172,206
Technical Sentiment Signal: Buy
Current Market Cap: A$729.1M
For a thorough assessment of AEL stock, go to TipRanks’ Stock Analysis page.