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White Energy’s Director Increases Stake Amid Rights Issue

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White Energy’s Director Increases Stake Amid Rights Issue

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White Energy Company Limited ( (AU:WEC) ) has issued an update.

White Energy Company Limited has announced a change in the director’s interest in securities, involving Vince O’Rourke. As part of a rights issue entitlement allotment, O’Rourke acquired additional ordinary shares, increasing his direct and indirect holdings. This move reflects strategic financial adjustments within the company, potentially impacting its market positioning and shareholder value.

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 the production and development of cleaner coal technologies. The company is engaged in enhancing the efficiency and environmental sustainability of coal through innovative processes.

Average Trading Volume: 67,144

Technical Sentiment Signal: Sell

Current Market Cap: A$14.13M

For an in-depth examination of WEC stock, go to TipRanks’ Overview page.

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