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Karoon Energy Ltd ( (AU:KAR) ) has provided an update.
Karoon Energy Ltd has announced the issuance of 12,847 new ordinary fully paid securities, which will be quoted on the ASX. This move is part of the company’s strategy to enhance its financial structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with its expanding operations.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
More about Karoon Energy Ltd
Karoon Energy Ltd operates in the energy sector, focusing on the exploration and production of oil and gas resources. The company is primarily engaged in developing and managing energy assets, with a market focus on delivering sustainable energy solutions.
YTD Price Performance: 30.86%
Average Trading Volume: 4,655,561
Technical Sentiment Signal: Buy
Current Market Cap: A$1.29B
For detailed information about KAR stock, go to TipRanks’ Stock Analysis page.