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QPM Energy ( (AU:QPM) ) has shared an update.
QPM Energy Limited announced an equity capital raising through an institutional placement of new fully paid ordinary shares. This move is part of the company’s strategy to enhance its financial position and support its operations in the energy sector. The offer is not underwritten, indicating a potential risk for investors, and is managed by Ord Minnett Limited and Foster Stockbroking Pty Limited. The announcement highlights the speculative nature of investing in QPM due to its limited operating history and the inherent risks associated with the energy industry.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Limited is a company involved in the energy industry, focusing on gas production on the East Coast of Australia. The company is engaged in activities related to the development and management of energy resources, although it does not have a significant operating history.
Average Trading Volume: 6,011,221
Technical Sentiment Signal: Hold
Current Market Cap: A$123.6M
For a thorough assessment of QPM stock, go to TipRanks’ Stock Analysis page.