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Questerre ( (TSE:QEC) ) just unveiled an update.
Questerre Energy Corporation has completed the acquisition of Red Leaf Resources, issuing its own common shares to Red Leaf shareholders at an exchange ratio of 94 Questerre shares for each Red Leaf share. As a result of the share swap, senior executives including President and CEO Michael Binnion and Chief Financial Officer Jason D’Silva have significantly increased their direct and indirect holdings in Questerre, further aligning management’s interests with those of shareholders and consolidating control following the strategic transaction.
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 focused on the exploration and development of oil and gas resources. It operates in the upstream segment, acquiring and developing resource assets to grow its production base and reserves portfolio.
Average Trading Volume: 21,789
Technical Sentiment Signal: Buy
Current Market Cap: C$128.6M
See more insights into QEC stock on TipRanks’ Stock Analysis page.