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Empire Energy Group Initiates Trading Halt for Capital Raising Announcement

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An announcement from Empire Energy Group Limited ( (AU:EEG) ) is now available.

Empire Energy Group Limited has requested a trading halt on its securities on the Australian Securities Exchange pending an announcement related to a capital raising. This move indicates a strategic financial maneuver that could impact the company’s operations and its stakeholders, with trading expected to resume by 16 May 2025 or upon the announcement’s release.

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 exploration and development of oil and gas resources. The company primarily engages in activities related to the extraction and production of energy resources, aiming to strengthen its position in the energy market.

Average Trading Volume: 478,736

Technical Sentiment Signal: Sell

Current Market Cap: A$198.4M

Learn more about EEG stock on TipRanks’ Stock Analysis page.

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