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Empire Energy Group Limited ( (AU:EEG) ) just unveiled an announcement.
Empire Energy Group Limited has announced a proposed issue of securities, which includes options exercisable at A$0.24 and ordinary fully paid shares. This strategic move is aimed at raising capital to support the company’s growth initiatives. The issuance is expected to take place on July 21, 2025, and could potentially strengthen the company’s financial position, allowing it to pursue further exploration and development projects, thereby enhancing its competitive stance in the energy market.
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 is primarily engaged in the production and distribution of energy resources, with a market focus on expanding its asset base and enhancing shareholder value.
Average Trading Volume: 478,362
Technical Sentiment Signal: Buy
Current Market Cap: A$200.9M
Find detailed analytics on EEG stock on TipRanks’ Stock Analysis page.