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Strike Energy Limited ( (AU:STX) ) has provided an update.
Strike Energy Limited has announced a proposed issue of 125,000,000 ordinary fully paid securities under a securities purchase plan. This move is part of the company’s strategy to raise capital, potentially impacting its financial position and market operations by providing additional resources for its projects and enhancing its industry standing.
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 is a company operating in the energy sector, focusing on the exploration and development of oil and gas resources. The company is engaged in activities that aim to harness energy resources to meet market demands, positioning itself within the energy industry with a focus on sustainable resource development.
Average Trading Volume: 4,191,978
Technical Sentiment Signal: Sell
Current Market Cap: A$458.8M
Learn more about STX stock on TipRanks’ Stock Analysis page.