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QPM Energy Seeks ASX Quotation for 104.9 Million New Shares

Story Highlights
  • QPM Energy has applied to list 104,965,699 new fully paid ordinary shares on the ASX.
  • The enlarged share base will affect shareholder dilution and enhance QPM’s equity market access and liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
QPM Energy Seeks ASX Quotation for 104.9 Million New Shares

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The latest announcement is out from QPM Energy ( (AU:QPM) ).

QPM Energy Limited has applied to the ASX for quotation of 104,965,699 new fully paid ordinary shares, expanding its listed securities on the market. The issuance, conducted under previously announced transactions, will increase the company’s free float and trading liquidity, with implications for existing shareholders’ dilution and QPM Energy’s capacity to access additional equity capital for its operations and growth initiatives.

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: 6,483,188

Technical Sentiment Signal: Hold

Current Market Cap: A$157.4M

See more insights into QPM stock on TipRanks’ Stock Analysis page.

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