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Galilee Energy Suspends Trading Amid Capital Raising Plans

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Galilee Energy Suspends Trading Amid Capital Raising Plans

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Galilee Energy Limited ( (AU:GLL) ) has shared an update.

Galilee Energy Limited has requested a voluntary suspension of its securities from trading on the ASX as it finalizes a significant capital raising and acquisition. The suspension will remain until the company makes an announcement, expected by December 1, 2025, which could impact its operational and market strategy.

The most recent analyst rating on (AU:GLL) stock is a Hold with a A$0.03 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

Galilee Energy Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is primarily involved in capital raising and acquisitions to enhance its market position.

Average Trading Volume: 980,266

Technical Sentiment Signal: Sell

Current Market Cap: A$7.07M

See more data about GLL stock on TipRanks’ Stock Analysis page.

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