An update from Horizon Petroleum ( (TSE:HPL) ) is now available.
Horizon Petroleum Ltd. announced the successful exercise of 9,160,000 warrants, generating $687,000 in proceeds and increasing its outstanding common shares to 55,893,364. Additionally, Horizon has entered into consulting agreements with Adelaide Capital Markets and Milestone Capital Partners to enhance investor relations and marketing efforts in North America and Europe, respectively. These agreements, subject to TSX Venture Exchange acceptance, aim to expand the company’s market presence and investor awareness.
More about Horizon Petroleum
Horizon Petroleum Ltd., based in Calgary, focuses on the appraisal and development of conventional oil and natural gas resources onshore in Europe. The company’s management and board consist of professionals with significant international experience in the oil and natural gas industry.
YTD Price Performance: -33.33%
Average Trading Volume: 191,340
Technical Sentiment Signal: Buy
Current Market Cap: C$6.51M
See more data about HPL stock on TipRanks’ Stock Analysis page.