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Empire Energy Group Limited ( (AU:EEG) ) has provided an update.
Empire Energy Group Limited has issued 173,437,500 new fully paid ordinary shares to professional and institutional investors, as part of a strategic move announced earlier. This issuance is expected to enhance the company’s capital base, potentially impacting its operational capabilities and market positioning positively.
The most recent analyst rating on (AU:EEG) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:EEG Stock Forecast page.
More about Empire Energy Group Limited
Empire Energy Group Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company primarily engages with professional and institutional investors to expand its market presence.
Average Trading Volume: 458,779
Technical Sentiment Signal: Sell
Current Market Cap: A$172.9M
For an in-depth examination of EEG stock, go to TipRanks’ Stock Analysis page.