Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Melbana Energy Limited ( (AU:MAY) ) has shared an announcement.
Melbana Energy Limited announced the cessation of 9,473,684 performance rights due to the expiry of options or other convertible securities without exercise or conversion as of May 31, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.
The most recent analyst rating on (AU:MAY) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Melbana Energy Limited stock, see the AU:MAY Stock Forecast page.
More about Melbana Energy Limited
Melbana Energy Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is involved in various projects aimed at harnessing energy resources to meet market demands.
YTD Price Performance: -7.41%
Average Trading Volume: 3,752,179
Technical Sentiment Signal: Sell
Current Market Cap: A$84.26M
For detailed information about MAY stock, go to TipRanks’ Stock Analysis page.