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Cue Energy Resources Limited ( (AU:CUE) ) just unveiled an update.
Cue Energy Resources, a subsidiary of Echelon Resources Limited, announced a final dividend payment of 0.5 cents per share, totaling AUD 1.75 million for Echelon, which holds a 49.97% stake in Cue. This dividend payment reflects Cue’s financial health and could positively impact Echelon’s revenue, reinforcing its position in the energy sector and potentially benefiting its stakeholders.
More about Cue Energy Resources Limited
Echelon Resources Limited, trading as Echelon, is an energy commodity exploration and production company focused on Australasia, with headquarters in Wellington, New Zealand. The company is involved in the development and exploration of onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia. Echelon is committed to ethical practices and strong ESG standards, leveraging a team of experienced energy sector experts to explore and develop its asset portfolio.
Average Trading Volume: 264,080
Technical Sentiment Signal: Buy
Current Market Cap: A$83.89M
See more data about CUE stock on TipRanks’ Stock Analysis page.