Jericho Energy Ventures Completes $2 Million Financing Round

Jericho Energy Ventures ( (TSE:JEV) ) just unveiled an announcement.

Jericho Energy Ventures has completed the final tranche of its oversubscribed non-brokered private placement financing, raising a total of $2,024,500. The funds will be used for general working capital, and the closing of this financing enhances the company’s financial position as it advances its energy transition initiatives.

More about Jericho Energy Ventures

Jericho Energy Ventures is an energy company involved in both traditional hydrocarbon joint ventures and the low-carbon energy transition. It holds investments in hydrogen technology, including a wholly owned subsidiary, Hydrogen Technologies, which provides zero-emission boiler technology for the commercial and industrial heat and steam industry. The company also invests in advanced materials for electrolysis and efficient electrolyzer development.

YTD Price Performance: 34.62%

Average Trading Volume: 37,649

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$50.94M

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