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Helios Energy Ltd ( (AU:HE8) ) has provided an announcement.
Helios Energy Limited is raising approximately $3.6 million through a placement and an entitlement offer to advance its Presidio Oil & Gas Project and cover general corporate costs. The funds will support further field work and a new drilling program, positioning the company for growth in the oil and gas sector.
More about Helios Energy Ltd
Helios Energy Limited operates in the oil and gas industry, focusing on commercializing large discovered resources. The company is positioned to capitalize on America’s next oil and gas boom.
YTD Price Performance: 60.0%
Average Trading Volume: 851,917
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.66M
For an in-depth examination of HE8 stock, go to TipRanks’ Stock Analysis page.