Elixir Energy Limited ( (AU:EXR) ) has issued an update.
Elixir Energy Limited has announced an extension of its Share Purchase Plan (SPP) following the appointment of a new CEO and Managing Director, Stuart Nicholls. This extension offers existing shareholders the opportunity to purchase new shares at an issue price of 3.5 cents per share, with additional options attached. The move is seen as a strategic step to capitalize on recent changes in share trading prices and to further develop the company’s position in the Taroom Trough project.
More about Elixir Energy Limited
Elixir Energy Limited is a company operating in the energy sector, focusing on the exploration and development of energy resources. The company is actively involved in projects such as the Taroom Trough in Queensland, aiming to build its maiden reserves.
Average Trading Volume: 20,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.58M
For a thorough assessment of EXR stock, go to TipRanks’ Stock Analysis page.