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The latest update is out from QPM Energy ( (AU:QPM) ).
QPM Energy Limited, listed on the ASX under the code QPM, has issued 748,920,582 new fully paid ordinary shares as part of Tranche 1 of their Placement and the conversion of performance rights. The issuance was conducted without disclosure to investors under section 708A(5) of the Corporations Act 2001. This strategic move is aimed at strengthening the company’s capital base, potentially enhancing its market position and operational capabilities.
The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 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
Average Trading Volume: 6,365,103
Technical Sentiment Signal: Hold
Current Market Cap: A$108.1M
For an in-depth examination of QPM stock, go to TipRanks’ Overview page.