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Babylon Pump & Power Ltd ( (AU:BPP) ) just unveiled an update.
Babylon Pump & Power Ltd has successfully issued 202,931,596 fully paid ordinary shares at $0.004 per share under its Shortfall Offer, raising $811,727.82. This move is part of a non-renounceable entitlement offer aimed at strengthening the company’s financial position and supporting its operations in the resources sector.
The most recent analyst rating on (AU:BPP) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd is a specialist provider of mining services to the resources sector in Australia, focusing on high-pressure pumping, dewatering, and project water management. The company also offers specialty power generation solutions, including system design, installation, commissioning, operations, and maintenance services. With a team of experienced technicians, Babylon provides full maintenance and asset management services for high-power mobile equipment. The company operates primarily in Western Australia and Queensland.
Current Market Cap: A$15.86M
Learn more about BPP stock on TipRanks’ Stock Analysis page.