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Strike Energy Limited ( (AU:STX) ) has provided an announcement.
Strike Energy Limited has completed the issuance of 286,122,569 fully paid ordinary shares to Carnarvon Energy Limited as part of the second tranche of a previously announced placement. This strategic move, approved by shareholders, is expected to enhance Strike’s financial position and operational capacity, potentially impacting its market standing and stakeholder interests positively.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.10 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 oil and gas resources. The company is engaged in activities related to the production and supply of energy resources, with a market focus on expanding its operational capabilities and partnerships.
Average Trading Volume: 5,755,281
Technical Sentiment Signal: Sell
Current Market Cap: A$364.5M
For detailed information about STX stock, go to TipRanks’ Stock Analysis page.