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The latest update is out from Buru Energy ( (AU:BRU) ).
Buru Energy Limited announced the issuance of 47,500,000 new shares at $0.02 per share to raise $0.95 million through a Shortfall Placement. These shares, issued under the company’s ASX placement capacity, will rank equally with existing shares, indicating a strategic move to bolster the company’s financial position and support its operational activities.
More about Buru Energy
Buru Energy Limited is an energy company based in West Perth, Australia, primarily involved in the exploration and production of oil and gas. The company focuses on developing energy resources in the Canning Basin region of Western Australia.
Average Trading Volume: 2,496,746
Technical Sentiment Signal: Sell
Current Market Cap: A$16.83M
For detailed information about BRU stock, go to TipRanks’ Stock Analysis page.