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Strike Energy Limited ( (AU:STX) ) has provided an update.
Strike Energy Limited announced a strategic placement to raise up to A$88 million through a two-tranche placement of ordinary shares to Carnarvon Energy Limited, along with an additional A$10 million through a non-underwritten share purchase plan. This funding initiative is aimed at supporting Strike’s next phase of growth, contingent upon shareholder approvals, and is expected to bolster the company’s operational capabilities 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 is a company operating in the energy sector, focusing on the exploration and development of energy resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker STX.
Average Trading Volume: 4,191,978
Technical Sentiment Signal: Sell
Current Market Cap: A$458.8M
See more data about STX stock on TipRanks’ Stock Analysis page.