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Oracle Coalfields ( (GB:ORCP) ) has provided an update.
Oracle Power PLC has successfully raised £500,000 through a placing of new ordinary shares at a 20% discount. The funds will primarily support the development of projects in Australia and Pakistan, as well as general working capital. This financial boost is expected to accelerate Oracle’s project development activities, enhancing its market positioning and operational capabilities.
More about Oracle Coalfields
Oracle Power PLC is an international project developer listed on London’s AIM market, focusing on energy projects in Western Australia and Pakistan. The company is actively involved in the energy industry in Pakistan, aiming to establish one of the largest green hydrogen production facilities in the region.
Average Trading Volume: 187,233,802
Technical Sentiment Signal: Sell
Current Market Cap: £2.36M
See more insights into ORCP stock on TipRanks’ Stock Analysis page.