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Melbana Energy Limited ( (AU:MAY) ) has issued an update.
Melbana Energy Limited has applied to the ASX for quotation of 436,764,704 options (MAYOA) expiring on 12 January 2027, with an issue date of 12 January 2026, following previously announced transactions. The large volume of new quoted options expands the company’s listed securities base, potentially enhancing liquidity and providing additional leverage for investors while signalling Melbana’s ongoing capital management and funding strategy for its energy projects.
The most recent analyst rating on (AU:MAY) stock is a Hold with a A$0.01 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, listed on the ASX under the code MAY, operates in the energy sector with a focus on exploration and development of oil and gas assets, positioning itself as a participant in upstream energy projects aimed at supplying regional and global markets.
Average Trading Volume: 5,063,104
Technical Sentiment Signal: Sell
Current Market Cap: A$34.04M
See more data about MAY stock on TipRanks’ Stock Analysis page.