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The latest announcement is out from Nexera Energy ( (TSE:NGY) ).
Nexera Energy Inc. has successfully closed a non-brokered private placement, issuing 40,000,002 units at $0.015 per unit, raising $600,000. The proceeds will be used to expand its oil and gas services through its subsidiary, Production Resources Inc., focusing on equipment acquisition and well optimization to reactivate inactive wells, potentially enhancing revenue by servicing other operators’ wells in the area.
More about Nexera Energy
Nexera Energy Inc. is an energy company with oil-producing properties located in Southwest Texas. The company owns and operates the Lavernia, Wooden Horse, and Stockdale Horizon Projects and fully owns Production Resources Inc., a South Texas oil company.
Average Trading Volume: 57,416
Technical Sentiment Signal: Hold
Current Market Cap: C$1.95M
For an in-depth examination of NGY stock, go to TipRanks’ Overview page.