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Hazer Group Ltd. ( (AU:HZR) ) has shared an update.
Hazer Group Ltd. has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase additional shares at a discounted price of $0.31, matching the recent placement price offered to institutional investors. This initiative follows a successful placement that raised $8 million, with the SPP aiming to raise an additional $2 million. The move is part of Hazer’s strategy to strengthen its financial position and enhance shareholder value, reflecting confidence in its ongoing projects and market positioning.
More about Hazer Group Ltd.
Hazer Group Ltd. operates in the technology sector, focusing on the development of innovative processes for the production of clean hydrogen and graphite. The company aims to leverage its proprietary Hazer Process to transform natural gas into hydrogen and synthetic graphite, targeting markets interested in sustainable and low-emission energy solutions.
Average Trading Volume: 243,465
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$70.31M
For detailed information about HZR stock, go to TipRanks’ Stock Analysis page.