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Peninsula Energy ( (AU:PEN) ) has issued an announcement.
Peninsula Energy Limited has announced a proposed issue of securities, including an accelerated non-renounceable entitlement offer and a placement. The company plans to issue a total of 159,994,581 securities for the accelerated offer and 72,898,374 securities for the placement. This move is aimed at strengthening the company’s financial position, potentially enhancing its market presence and operational capabilities.
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 production and development of uranium resources. The company is engaged in the mining and exploration of uranium, positioning itself within the nuclear energy market.
Technical Sentiment Signal: Sell
Current Market Cap: A$98.97M
Learn more about PEN stock on TipRanks’ Stock Analysis page.