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An update from Powerhouse Energy ( (GB:PHE) ) is now available.
Powerhouse Energy Group Plc announced the successful closure of its Retail Offering, raising £125,000 through the issuance of 25,000,000 new Ordinary Shares. The offering was significantly oversubscribed, and existing shareholders received allocations based on soft pre-emption principles. The funds raised, along with recent placements, will support the company’s project pipeline and innovation efforts, potentially enhancing revenue streams. The new shares are expected to commence trading on AIM, increasing the total number of shares to 4,471,654,741.
More about Powerhouse Energy
Powerhouse Energy Group Plc is a company specializing in technology that converts non-recyclable waste into low carbon energy. It also operates a revenue-generating engineering consulting division known as Engsolve.
YTD Price Performance: -52.73%
Average Trading Volume: 9,739,433
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £21.19M
Find detailed analytics on PHE stock on TipRanks’ Stock Analysis page.