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An announcement from Prominence Energy Limited ( (AU:PRM) ) is now available.
Prominence Energy Ltd announced the issuance of 95 million fully paid ordinary shares to GTT Ventures Pty Ltd as part of facilitating the acquisition of Gawler Group Holdings Pty Ltd. This move underscores the company’s commitment to expanding its portfolio, including innovative energy storage and renewable energy initiatives. With a focus on natural hydrogen as a renewable zero-carbon fuel, the company continues to position itself as a forward-thinking player in the energy sector.
More about Prominence Energy Limited
Prominence Energy Ltd is an ASX-listed energy company based in Perth, Australia. It focuses on high ROI opportunities in sectors such as conventional oil and gas, helium, green energy, and particularly green hydrogen. The company holds interests in projects like the Big Apple Prospect in the Gulf of Mexico and ECOSSAUS Ltd, a venture developing solution-mined salt caverns for energy storage.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.67M
See more data about PRM stock on TipRanks’ Stock Analysis page.