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An announcement from Perpetual Resources ( (AU:PEC) ) is now available.
Perpetual Resources Ltd has successfully raised $1.6 million through the issuance of 72,727,272 fully paid ordinary shares at $0.022 per share. This capital raising was conducted under ASX Listing Rule 7.1A and without disclosure to investors under section 708A(5) of the Corporations Act 2001, indicating compliance with relevant statutory provisions. The move is expected to bolster the company’s financial position and support its ongoing operations, potentially enhancing its market standing and providing value to stakeholders.
More about Perpetual Resources
Perpetual Resources Ltd is a company operating in the resources sector, focusing on the development and production of resource-based products. The company is listed on the Australian Securities Exchange under the ticker PEC and is headquartered in Subiaco, Western Australia.
YTD Price Performance: 69.23%
Average Trading Volume: 2,441,976
Technical Sentiment Signal: Buy
Current Market Cap: A$19.21M
For a thorough assessment of PEC stock, go to TipRanks’ Stock Analysis page.