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Buru Energy ( (AU:BRU) ) has provided an update.
Buru Energy Limited has successfully completed its Share Purchase Plan (SPP), raising approximately $2.35 million through the issuance of new ordinary shares. The funds will support the company’s strategic activities, including the co-development of the Rafael Gas Project with Clean Energy Fuels Australia, which is expected to significantly impact the Western Australian energy sector by ensuring reliable energy delivery.
More about Buru Energy
Buru Energy Limited is an Australian energy company focused on the exploration and development of oil and gas resources. The company is involved in projects that aim to provide safe, secure, and reliable energy solutions, particularly in the Western Australian 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.