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An update from Amplitude Energy ( (AU:AEL) ) is now available.
Amplitude Energy announced a fully underwritten offer to raise approximately $150 million through a placement and entitlement offer of new shares. This equity raising initiative aims to leverage existing infrastructure to accelerate the company’s growth, potentially impacting its market position and providing opportunities for stakeholders.
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 is a company operating in the oil and gas industry, focusing on petroleum reserves and resources. It provides energy solutions and is involved in the exploration and development of oil and gas resources.
Average Trading Volume: 6,172,206
Technical Sentiment Signal: Buy
Current Market Cap: A$729.1M
See more data about AEL stock on TipRanks’ Stock Analysis page.