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An announcement from Frontier Energy Limited ( (AU:FHE) ) is now available.
Frontier Energy Limited has successfully raised $11.5 million through a placement of 46 million new shares, priced at $0.25 each, to professional and sophisticated investors. This capital will support the completion of debt financing and the security deposit for the Waroona Renewable Energy Project’s Stage One, which is expected to generate significant revenue from reserve capacity payments and energy sales, strengthening Frontier’s financial position and operational capabilities.
The most recent analyst rating on (AU:FHE) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Frontier Energy Limited stock, see the AU:FHE Stock Forecast page.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy sector, focusing on the development and management of energy projects. The company is involved in initiatives such as the Waroona Renewable Energy Project, aiming to enhance its market presence and contribute to sustainable energy solutions.
Average Trading Volume: 321,782
Technical Sentiment Signal: Buy
Current Market Cap: A$134M
For a thorough assessment of FHE stock, go to TipRanks’ Stock Analysis page.