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Bannerman Energy ( (AU:BMN) ) just unveiled an announcement.
Bannerman Energy Ltd has successfully completed a placement, issuing 26,562,500 fully paid ordinary shares to new and existing institutional and sophisticated investors at A$3.20 per share, raising gross proceeds of A$85 million. This capital raising is expected to strengthen the company’s financial position, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.33 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
More about Bannerman Energy
Bannerman Energy Ltd is a company operating in the energy sector, focusing on the development and production of energy resources. The company is listed on multiple stock exchanges, including ASX, OTCQB, and NSX, and engages with institutional and sophisticated investors.
Average Trading Volume: 1,130,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$599.1M
For a thorough assessment of BMN stock, go to TipRanks’ Stock Analysis page.