BPH Energy Limited (AU:BPH) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BPH Energy Limited announced the issuance of 57.9 million new shares at $0.018 each, raising $1.04 million to support oil and gas exploration, working capital, and Cortical Dynamics. Additionally, the company increased its stake in Clean Hydrogen Technologies to 16.2% by converting a loan into equity, focusing on hydrogen production technology. Advent Energy, a BPH investee, is seeking judicial review regarding PEP-11 exploration permits, with proceedings adjourned until February 2025.
For further insights into AU:BPH stock, check out TipRanks’ Stock Analysis page.