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Buru Energy ( (AU:BRU) ) has provided an update.
Buru Energy Limited has announced a proposed issue of securities, which includes 23,750,000 unlisted options with a $0.03 strike price and 47,500,000 ordinary fully paid shares. This strategic move is aimed at raising capital to support the company’s ongoing operations and potential expansion efforts, potentially enhancing its market position and offering new opportunities for stakeholders.
More about Buru Energy
Buru Energy Limited is an energy company primarily involved in the exploration and production of oil and gas. The company focuses on developing energy resources in Australia, with a particular emphasis on the Canning Basin region.
Average Trading Volume: 2,398,744
Technical Sentiment Signal: Sell
Current Market Cap: A$17.71M
Find detailed analytics on BRU stock on TipRanks’ Stock Analysis page.