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Petro-Victory Energy ( (TSE:VRY) ) has issued an update.
Petro-Victory Energy Corp. announced a non-brokered private placement of common shares to raise US$125,000, with proceeds intended for general working capital and capital expenditures in existing fields. Additionally, Charles H. Cotter has resigned from the Board of Directors to focus on his new role as CEO of Kerplunk, marking a significant leadership change for the company.
More about Petro-Victory Energy
Petro-Victory Energy Corp. is an oil and gas company focused on the acquisition, development, and production of crude oil and natural gas in Brazil. The company manages a portfolio of 49 concession contracts covering 276,755 acres, with additional joint ownership in 6 concessions with BlueOak in Capixaba Energia. Petro-Victory is dedicated to delivering sustainable shareholder value through investments in high-impact, low-risk assets, and its shares are traded on the TSX Venture Exchange under the ticker symbol VRY.
Average Trading Volume: 8,037
Technical Sentiment Signal: Sell
Current Market Cap: C$12.81M
See more insights into VRY stock on TipRanks’ Stock Analysis page.