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Melbana Energy Limited ( (AU:MAY) ) has provided an update.
Melbana Energy Limited has requested a trading halt on its securities pending an announcement regarding a capital raising initiative through an institutional placement. The halt is expected to last until the announcement is made or until normal trading resumes on 21 August 2025, potentially impacting the company’s financial strategy and market positioning.
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 oil and gas exploration and development. The company is listed on the Australian Securities Exchange (ASX) and is involved in capital raising activities to support its operations.
Average Trading Volume: 1,812,621
Technical Sentiment Signal: Sell
Current Market Cap: A$74.14M
For an in-depth examination of MAY stock, go to TipRanks’ Overview page.