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An update from US Energy ( (USEG) ) is now available.
On January 22, 2025, U.S. Energy Corp. announced the pricing of its underwritten public offering of 4,236,000 shares of common stock at $2.65 per share, with total expected gross proceeds of approximately $13 million, after including an over-allotment option. The net proceeds of approximately $12.1 million are intended for the development of its recent Montana acquisition, general corporate purposes, and working capital. The offering aims to support growth capital for its industrial gas development project and may involve purchasing shares from Sage Road Capital, a related party.
More about US Energy
U.S. Energy Corp. is a growth company focused on consolidating high-quality assets in the United States, with the potential to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. The company is committed to reducing its carbon footprint in its operational areas.
YTD Price Performance: 135.40%
Average Trading Volume: 1,910,929
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $106M
For detailed information about USEG stock, go to TipRanks’ Stock Analysis page.
