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High Peak Royalties Limited ( (AU:HPR) ) has provided an update.
High Peak Royalties Limited has announced the sale of its subsidiary, Torrens Energy (SA) Pty Ltd, to Northstar Energy Limited, a company focused on renewable electricity development. The transaction involves the transfer of geothermal energy licenses and applications, with High Peak receiving shares and royalties valued at over $2,000,000. This sale, completed in two tranches, establishes a strategic partnership between High Peak and Northstar, allowing High Peak to hold a stake in Northstar and participate in future capital raising initiatives.
More about High Peak Royalties Limited
High Peak Royalties Limited is a company involved in the energy sector, focusing on the management and sale of geothermal energy assets. The company is engaged in strategic partnerships and transactions to enhance its market position and leverage its assets in the renewable energy industry.
YTD Price Performance: -6.25%
Average Trading Volume: 35,015
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$15.6M
See more insights into HPR stock on TipRanks’ Stock Analysis page.