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An announcement from Questerre ( (TSE:QEC) ) is now available.
Questerre Energy Corporation announced that members of its board and senior management have exercised 4,000,000 stock options at an exercise price of $0.18 per share, generating net proceeds of $0.72 million for the company and increasing insider common share ownership accordingly. In conjunction with a broader review of compensation, the board has also approved the grant of 7,300,000 new stock options to directors, officers and employees at an exercise price of C$0.27 per share, expiring in January 2031, a move that further aligns key personnel with the company’s long-term performance and may influence its capital structure and insider ownership profile over time.
The most recent analyst rating on (TSE:QEC) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Questerre stock, see the TSE:QEC Stock Forecast page.
More about Questerre
Questerre Energy Corporation is an energy company engaged in the exploration and development of oil and gas resources, with its common shares listed on the Toronto Stock Exchange (TSX). The company’s activities are focused on upstream energy assets, where equity-based compensation such as stock options is used to align management and director incentives with shareholder interests in the capital markets.
Average Trading Volume: 36,898
Technical Sentiment Signal: Sell
Current Market Cap: C$115.7M
For detailed information about QEC stock, go to TipRanks’ Stock Analysis page.