High Peak Royalties crystallises value from Torrens Energy sale and expands Northstar stake

High Peak Royalties Limited ( (AU:HPR) ) has shared an announcement.

High Peak Royalties has completed the transfer of its remaining 80.01% stake in Torrens Energy (SA) Pty Ltd to Northstar Energy, securing an additional 6.25 million Northstar shares and bringing its total holding to 12.5 million shares valued at A$2 million, while retaining a royalty over the underlying geothermal exploration licences. The company highlighted that this transaction crystallises value from previously impaired geothermal assets at minimal net cost and better aligns them with its royalty-focused strategy, alongside modest quarterly royalty receipts of A$247,341, a net cash outflow of A$127,657 after operating costs and bond repayment, a board change with the appointment of long-time advisor Jarrod White as director, and ongoing monitoring of key royalty interests in the Northern Territory’s Amadeus Basin and the Gippsland Basin’s Longtom area amid encouraging operational updates from partners.

The most recent analyst rating on (AU:HPR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on High Peak Royalties Limited stock, see the AU:HPR Stock Forecast page.

More about High Peak Royalties Limited

High Peak Royalties Limited (ASX:HPR) is an Australian-listed company focused on building and managing a portfolio of oil, gas and energy-related royalties, with interests spanning both domestic and international assets. The company’s business model centres on earning royalty income from third-party operators’ production and exploration activities, rather than directly operating fields itself, providing leveraged exposure to resources such as gas, helium, hydrogen and geothermal assets.

Average Trading Volume: 219,193

Technical Sentiment Signal: Sell

Current Market Cap: A$12.51M

For a thorough assessment of HPR stock, go to TipRanks’ Stock Analysis page.