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JX Energy Ltd. ( (HK:3395) ) has issued an announcement.
JX Energy Ltd. announced a proposed issue of new shares under a general mandate, agreeing to allot and issue 11,161,639 subscription shares at a price of HK$0.31 per share. This move is expected to raise approximately C$620,000 in gross proceeds, with the net proceeds intended for strategic purposes as outlined by the company. The subscription represents a slight dilution of the company’s share capital, but it is positioned to provide additional resources for its operations. The subscription price reflects a discount to recent trading prices, which could impact shareholder value and market perception.
The most recent analyst rating on (HK:3395) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on JX Energy Ltd. stock, see the HK:3395 Stock Forecast page.
More about JX Energy Ltd.
JX Energy Ltd. is a company incorporated under the laws of Alberta, primarily engaged in the energy sector. The company is listed on the Hong Kong Stock Exchange and is involved in activities related to energy production and distribution.
Average Trading Volume: 2,776,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$203M
For a thorough assessment of 3395 stock, go to TipRanks’ Stock Analysis page.