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The latest update is out from Pure Hydrogen Corporation Limited Registered Shs ( (AU:PH2) ).
Pure Hydrogen Corporation Limited announced the issuance of 10,882,353 fully paid ordinary shares and 5,441,170 unlisted options to professional investors. This move is part of the company’s strategy to strengthen its financial position and support its clean energy projects. The issuance was conducted without a prospectus, in compliance with the Corporations Act, indicating the company’s confidence in its regulatory adherence and market strategy. This development is expected to enhance Pure Hydrogen’s operational capabilities and reinforce its position in the clean energy sector.
More about Pure Hydrogen Corporation Limited Registered Shs
Pure Hydrogen Corporation Limited is a clean energy-focused company aiming to lead in the development of hydrogen and energy projects. It plans to supply hydrogen fuel as a domestically sourced clean fuel in Australia and other countries. The company also has a controlling shareholding in HDrive, which offers hydrogen fuel cell and electric commercial vehicles. Additionally, Pure Hydrogen is involved in natural gas projects in Australia and Botswana, and it prioritizes incubation for early-stage companies in the clean energy sector.
Average Trading Volume: 653,829
Technical Sentiment Signal: Sell
Current Market Cap: A$32.12M
See more insights into PH2 stock on TipRanks’ Stock Analysis page.