The latest update is out from Elixir Energy Limited ( (AU:EXR) ).
Elixir Energy Limited has announced an extension of its Share Purchase Plan (SPP) following the appointment of new management, including CEO and Managing Director Stuart Nicholls. This extension provides existing shareholders the opportunity to purchase new shares at a price of 3.5 cents each, with additional options attached. The move comes amid changes in the company’s share trading price and is seen as a strategic step to capitalize on the company’s momentum in its key projects, potentially offering value to shareholders.
More about Elixir Energy Limited
Elixir Energy Limited is a company involved in the energy sector, focusing on projects such as the Taroom Trough in Queensland, Australia. The company is working towards establishing its maiden reserves, indicating a focus on exploration and development within the energy industry.
Average Trading Volume: 20,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.58M
For an in-depth examination of EXR stock, go to TipRanks’ Stock Analysis page.