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Zephyr Energy ( (GB:ZPHR) ) has shared an announcement.
Zephyr Energy plc announced that all resolutions were passed at its recent general meeting, allowing the Second Placing and Director Subscription to proceed. The company has issued warrants for 21 million new Ordinary Shares to the Bookrunners and agents, with the total number of ordinary shares reaching over 2.1 billion. This development is expected to support Zephyr’s ongoing operations and strategic growth in the oil and gas sector.
The most recent analyst rating on (GB:ZPHR) stock is a Buy with a £0.14 price target. To see the full list of analyst forecasts on Zephyr Energy stock, see the GB:ZPHR Stock Forecast page.
Spark’s Take on GB:ZPHR Stock
According to Spark, TipRanks’ AI Analyst, GB:ZPHR is a Neutral.
Zephyr Energy’s financial performance and technical indicators present challenges, with negative profitability and bearish market momentum. However, significant corporate events, such as successful fundraising and strategic partnerships, provide a positive outlook, balancing the overall score.
To see Spark’s full report on GB:ZPHR stock, click here.
More about Zephyr Energy
Zephyr Energy plc is a technology-led oil and gas company focused on responsible resource development in the Rocky Mountain region of the United States. The company operates a 46,000-acre leaseholding in the Paradox Basin, Utah, and holds interests in non-operated producing wells in the Williston Basin in North Dakota and Montana. Zephyr aims to be a responsible steward of both investor capital and the environment.
Average Trading Volume: 5,363,288
Technical Sentiment Signal: Sell
Current Market Cap: £56.81M
For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.