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Helix Exploration Plc ( (GB:HEX) ) has shared an update.
Helix Exploration PLC has successfully completed a placing and subscription, raising approximately £5 million in gross proceeds. This capital will be used to install a PSA Processing Plant and Membrane Unit, fund drilling of additional wells at Rudyard, and support further exploration and resource definition work, as well as general working capital. The new shares will be admitted to trading on AIM, and the completion of this capital raise strengthens the company’s operational capabilities and market positioning.
More about Helix Exploration Plc
Helix Exploration PLC is a company operating in the exploration and resource sector, focusing on projects that involve the installation and equipping of processing plants and drilling production wells. The company is involved in exploration and resource definition work across its various projects.
YTD Price Performance: -15.14%
Average Trading Volume: 2,137,592
Technical Sentiment Consensus Rating: Strong Buy
For an in-depth examination of HEX stock, go to TipRanks’ Stock Analysis page.
