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QPM Energy ( (AU:QPM) ) has shared an announcement.
QPM Energy Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders in Australia and New Zealand to purchase additional shares at a discounted price of $0.031 per share. This initiative follows a successful placement that raised approximately $10 million and aims to secure an additional $2 million to fund the development of the Isaac Energy Hub. The SPP offers shareholders a cost-effective opportunity to increase their investment without incurring transaction costs, and it reflects QPM’s strategic efforts to enhance its operational capabilities and market positioning.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.11 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 in the energy sector, focusing on the development of energy hubs. Its primary market focus is on providing energy solutions, and it has recently been involved in raising funds to support its projects.
Average Trading Volume: 5,748,867
Technical Sentiment Signal: Sell
Current Market Cap: A$78.28M
For an in-depth examination of QPM stock, go to TipRanks’ Overview page.