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The latest announcement is out from Zenith Energy ( (GB:ZEN) ).
Zenith Energy Ltd. has successfully completed private placements in the UK and Norway, raising approximately £3,658,500. The funds will be used to advance exploration permits for uranium deposits in Italy, construct solar production assets, and cover legal fees related to arbitration against Tunisia. This strategic move is expected to enhance Zenith’s market position and operational capabilities, potentially leading to a significant increase in market valuation.
The most recent analyst rating on (GB:ZEN) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company with operations in North Africa, the US, and Europe. It focuses on energy production, exploration, and development, leveraging proven revenue-generating assets and low-risk exploration activities. The company is listed on the London Stock Exchange, the Oslo Stock Exchange, and the Spotlight Stock Market in Sweden.
Average Trading Volume: 696,963
Technical Sentiment Signal: Sell
Current Market Cap: £12.98M
For a thorough assessment of ZEN stock, go to TipRanks’ Stock Analysis page.