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Challenger Energy Group PLC Reports Successful AGM Resolutions

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Challenger Energy Group PLC Reports Successful AGM Resolutions

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The latest update is out from Challenger Energy Group ( (GB:CEG) ).

Challenger Energy Group PLC announced that all resolutions were passed at its Annual General Meeting, with significant shareholder support for most resolutions. The board highlighted the importance of extending the authority for the allotment of relevant securities, considering it beneficial for the company and its shareholders, and plans to engage with shareholders for further discussions.

The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.

More about Challenger Energy Group

Challenger Energy is an Atlantic-margin focused energy company with a significant presence in Uruguay, holding two offshore exploration licenses covering 19,000km². The company is partnered with Chevron on the AREA-OFF 1 block and is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.

Average Trading Volume: 329,711

Technical Sentiment Signal: Sell

Current Market Cap: £19.32M

For an in-depth examination of CEG stock, go to TipRanks’ Overview page.

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