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NuEnergy Gas Limited ( (AU:NGY) ) has provided an update.
NuEnergy Gas Limited has announced a partially underwritten non-renounceable pro-rata entitlement offer to raise approximately $4.62 million. This offer, which allows shareholders to purchase 2 new shares for every 19 shares held at an issue price of $0.025, is set to close on November 21, 2025. The capital raised is expected to support the company’s ongoing projects and strengthen its financial position, potentially enhancing its competitiveness and operational capabilities in the unconventional gas industry.
More about NuEnergy Gas Limited
NuEnergy Gas Limited operates in the energy sector, focusing on the exploration and development of unconventional gas resources. The company primarily engages in the production of coal bed methane (CBM) gas, targeting markets in Southeast Asia, particularly Indonesia, where it holds several key assets.
YTD Price Performance: 38.89%
Average Trading Volume: 101,173
Technical Sentiment Signal: Sell
Current Market Cap: A$46.3M
Find detailed analytics on NGY stock on TipRanks’ Stock Analysis page.