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Galilee Energy Limited ( (AU:GLL) ) just unveiled an announcement.
Galilee Energy Limited has applied to the ASX for quotation of 732,428,571 new fully paid ordinary shares under its GLL ticker. The substantial new share issuance, previously flagged to the market via an Appendix 3B, will significantly expand the company’s quoted capital base from 3 February 2026, with implications for existing shareholders’ dilution and the company’s future funding capacity and market liquidity.
The most recent analyst rating on (AU:GLL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Galilee Energy Limited stock, see the AU:GLL Stock Forecast page.
More about Galilee Energy Limited
Average Trading Volume: 1,784,710
Technical Sentiment Signal: Sell
Current Market Cap: A$6.29M
See more data about GLL stock on TipRanks’ Stock Analysis page.