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An announcement from Nexera Energy ( (TSE:NGY) ) is now available.
Nexera Energy Inc. has announced a non-brokered private placement offering to raise up to $600,000 through the issuance of up to 24,000,000 common shares. The proceeds will be used by its subsidiary, Production Resources Inc., to expand its oil and gas services by acquiring equipment for well servicing operations, potentially increasing revenues by servicing both its own and other operators’ wells in the area. This strategic move aims to enhance Nexera’s operational capabilities and market positioning in the oil and gas industry.
More about Nexera Energy
Nexera Energy Inc. is an energy company with oil-producing properties located in Southwest Texas. The company operates projects such as Lavernia, Wooden Horse, and Stockdale Horizon, and owns 100% of Production Resources Inc., a South Texas oil company.
YTD Price Performance: -50.0%
Average Trading Volume: 36,911
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.06M
For an in-depth examination of NGY stock, go to TipRanks’ Stock Analysis page.