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New Zealand Energy ( (TSE:NZ) ) has shared an announcement.
New Zealand Energy Corp. has announced the revocation of a cease trade order by the British Columbia Securities Commission, allowing its shares to resume trading on the TSX Venture Exchange. The company has secured short-term loans totaling C$482,000 from related parties to address its financial needs and plans to conduct a private placement to cover a working capital deficiency of C$1.3 million. Additionally, the company is working on restoring positive cash flow through its production activities.
More about New Zealand Energy
New Zealand Energy Corp. operates in the energy sector, focusing on energy production and related financial activities. The company is involved in securing financial stability through loans and private placements to support its operations and address working capital deficiencies.
Average Trading Volume: 16,266
Technical Sentiment Signal: Sell
Current Market Cap: C$5.36M
Learn more about NZ stock on TipRanks’ Stock Analysis page.