Buru Energy Seeks ASX Quotation for New Employee Incentive Shares

An announcement from Buru Energy ( (AU:BRU) ) is now available.

Buru Energy has applied to the ASX for quotation of 205,000 new ordinary fully paid shares issued under an employee incentive scheme. The additional quoted securities marginally expand the company’s listed share capital and reflect ongoing use of equity-based remuneration to incentivise staff without imposing transfer restrictions on these shares.

The most recent analyst rating on (AU:BRU) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Buru Energy stock, see the AU:BRU Stock Forecast page.

More about Buru Energy

Buru Energy Limited is an Australian oil and gas company listed on the ASX under the code BRU. The company is engaged in the exploration and production of energy resources, with its securities traded on the Australian Securities Exchange as ordinary fully paid shares.

Average Trading Volume: 973,112

Technical Sentiment Signal: Sell

Current Market Cap: A$25.06M

Find detailed analytics on BRU stock on TipRanks’ Stock Analysis page.