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An announcement from NuEnergy Gas Limited ( (AU:NGY) ) is now available.
NuEnergy Gas Limited has successfully completed its Non-Renounceable Pro-Rata Entitlement Offer, raising $3,457,337 through the issuance of 138,293,481 new shares at an issue price of $0.025 each. This capital raising effort increases the company’s total ordinary shares on issue to 1,918,998,927, potentially enhancing its financial stability and capacity to further its operations in the unconventional gas sector.
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 deals with coal bed methane (CBM) projects, aiming to harness this alternative energy source to meet growing energy demands.
YTD Price Performance: 27.78%
Average Trading Volume: 171,497
Technical Sentiment Signal: Sell
Current Market Cap: A$40.96M
For a thorough assessment of NGY stock, go to TipRanks’ Stock Analysis page.