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BPH Energy Seeks ASX Quotation for 134 Million New Shares

Story Highlights
  • BPH Energy has lodged an application to quote 134,222,222 new fully paid ordinary shares on the ASX.
  • The expanded share base stems from a previously announced transaction and may impact BPH’s capital structure and market liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BPH Energy Seeks ASX Quotation for 134 Million New Shares

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BPH Energy Limited ( (AU:BPH) ) has provided an announcement.

BPH Energy Ltd has applied to the ASX for quotation of 134,222,222 new fully paid ordinary shares, expanding its listed securities on the market. The issuance, tied to a previously announced transaction, will increase the company’s tradable share base and may affect its capital structure and liquidity profile for existing and prospective shareholders.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

More about BPH Energy Limited

Average Trading Volume: 2,712,860

Technical Sentiment Signal: Sell

Current Market Cap: A$14.64M

Learn more about BPH stock on TipRanks’ Stock Analysis page.

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