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Peninsula Energy ( (AU:PEN) ) has issued an update.
Peninsula Energy Limited has announced a proposed issue of unlisted options as part of a placement or other type of issue. The company plans to issue a total of 8,086,934 unlisted options, split equally between options exercisable at $0.45 and $0.60, both with a three-year expiry from the date of issue. This move is likely aimed at raising capital to support its operations and strengthen its position in the uranium market.
The most recent analyst rating on (AU:PEN) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited operates in the energy sector, focusing on the development and production of uranium resources. The company is primarily engaged in the exploration and mining of uranium, aiming to supply the global nuclear energy market.
Technical Sentiment Signal: Sell
Current Market Cap: A$98.97M
For detailed information about PEN stock, go to TipRanks’ Stock Analysis page.