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Finder Energy Holdings Limited ( (AU:FDR) ) just unveiled an update.
Finder Energy Holdings Limited announced that the vesting conditions for 2,416,667 Performance Rights have been met, as the company’s 30-day Volume Weighted Average Price (VWAP) exceeded the required thresholds. This achievement allows these rights to be converted into ordinary shares, although holders have not yet exercised this option. This development reflects positively on the company’s market performance and could enhance shareholder value if the rights are converted.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy sector, focusing on exploration and production activities. The company is involved in developing energy resources and is listed on the Australian Securities Exchange (ASX) under the ticker FDR.
Average Trading Volume: 1,369,962
Technical Sentiment Signal: Buy
Current Market Cap: A$160.6M
For an in-depth examination of FDR stock, go to TipRanks’ Overview page.