Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
QPM Energy ( (AU:QPM) ) just unveiled an update.
QPM Energy Limited has successfully completed an over-subscribed Share Purchase Plan, raising approximately $7 million, significantly above its initial $2 million target. The additional funds will be used to accelerate work on the Isaac Power Station and other gas supply growth initiatives, strengthening QPM’s position as a key player in the energy transition in Queensland.
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 gas-fired power generation. It is involved in the development of the Isaac Power Station and other gas supply initiatives, primarily in Queensland, Australia.
Average Trading Volume: 6,917,431
Technical Sentiment Signal: Sell
Current Market Cap: A$105.4M
Find detailed analytics on QPM stock on TipRanks’ Stock Analysis page.