Freehold Royalties (TSE:FRU) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Freehold Royalties has increased its equity financing to $150 million due to high demand, facilitating the acquisition of mineral and royalty interests in Texas’ Midland Basin. The proceeds are intended to fund the acquisition, which is expected to boost production and revenue in 2025. If the acquisition does not proceed, funds will be used for general corporate purposes.
For further insights into TSE:FRU stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue