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White Energy Company Limited ( (AU:WEC) ) has issued an update.
White Energy Company Limited’s recent AGM highlighted ongoing activities, including their joint venture in South Africa for coal briquetting and mineral exploration in Australia. The company announced a capital raise of approximately $3.5 million, partially underwritten by Morgans Corporate Limited, to support its operations and exploration efforts.
The most recent analyst rating on (AU:WEC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on White Energy Company Limited stock, see the AU:WEC Stock Forecast page.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on coal briquetting and mineral exploration. The company is involved in a joint venture in South Africa for binderless briquette production and is actively exploring mineral tenements in Australia.
Average Trading Volume: 60,913
Technical Sentiment Signal: Sell
Current Market Cap: A$9.35M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.