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Strike Energy Limited ( (AU:STX) ) has issued an announcement.
Strike Energy Limited has announced a Share Purchase Plan (SPP) aimed at raising approximately $10 million, with the possibility of accepting oversubscriptions up to an additional $5 million. The funds from the SPP and a strategic placement with Carnarvon Energy Limited will be used for various development projects and corporate purposes, potentially impacting the company’s operational capacity and market positioning.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.
More about Strike Energy Limited
Strike Energy Limited operates in the energy sector, focusing on the exploration and development of gas projects. The company is primarily involved in developing projects like South Erregulla and West Erregulla, with a market focus on energy production and exploration in Australia.
Average Trading Volume: 5,917,191
Technical Sentiment Signal: Sell
Current Market Cap: A$395.7M
Find detailed analytics on STX stock on TipRanks’ Stock Analysis page.