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Amplitude Energy Director Increases Stake with Significant Share Acquisition

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Amplitude Energy Director Increases Stake with Significant Share Acquisition

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Amplitude Energy ( (AU:AEL) ) has shared an update.

Amplitude Energy Limited has announced a change in the director’s interest, with Frank A Tudor acquiring 634,147 ordinary shares through an on-market trade. This acquisition, valued at $0.204 per share, marks a significant increase in Tudor’s direct interest in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.

The most recent analyst rating on (AU:AEL) stock is a Buy with a A$0.27 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 within the energy sector, focusing on the provision of energy solutions and services. The company is involved in the trading and management of energy resources, aiming to enhance its market presence and operational efficiency.

Average Trading Volume: 3,696,201

Technical Sentiment Signal: Buy

Current Market Cap: A$543.5M

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

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