Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jade Gas Holdings Limited ( (AU:JGH) ) has provided an announcement.
Jade Gas Holdings has issued 71,666,667 fully paid ordinary shares without a prospectus under the Corporations Act’s section 708A provisions. The placement follows the company’s recent A$1.8 million capital raise to advance what it describes as Mongolia’s first gas operation.
The company confirmed it is compliant with its financial reporting and continuous disclosure obligations under the Corporations Act. It also stated it is not aware of any excluded information that would need to be disclosed to the market in relation to this share issue.
The most recent analyst rating on (AU:JGH) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Jade Gas Holdings Limited stock, see the AU:JGH Stock Forecast page.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is an Australian-listed company on the ASX under the ticker JGH. The company is focused on developing gas operations, including projects aimed at establishing new gas production capacity, with a notable focus on Mongolia’s emerging gas sector.
Average Trading Volume: 1,129,409
Technical Sentiment Signal: Buy
Current Market Cap: A$68.05M
See more insights into JGH stock on TipRanks’ Stock Analysis page.