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Carnarvon Energy Limited ( (AU:CVN) ) just unveiled an update.
Carnarvon Energy Limited, a company involved in strategic investments, has completed the second tranche of its strategic placement with Strike Energy Limited and a share purchase plan, raising approximately A$36 million. The funds will be used for various projects including the completion of the South Erregulla 85MW Project, upstream field development for West Erregulla, and exploration wells at Walyering West and Ocean Hill, as well as for working capital and general corporate purposes.
The most recent analyst rating on (AU:CVN) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Carnarvon Energy Limited stock, see the AU:CVN Stock Forecast page.
More about Carnarvon Energy Limited
Average Trading Volume: 2,269,962
Technical Sentiment Signal: Sell
Current Market Cap: A$173.5M
Find detailed analytics on CVN stock on TipRanks’ Stock Analysis page.