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An update from Zephyr Energy ( (GB:ZPHR) ) is now available.
Zephyr Energy plc has announced a Director Subscription to raise £0.7 million, with directors, management, and affiliates subscribing for 23,333,333 new ordinary shares at 3 pence each. This follows a previous placing, bringing the total raised to £10.5 million. The funds are intended to support the company’s operations and development plans, with the subscription and second placing expected to complete by mid-July 2025, subject to shareholder approval. This move is likely to strengthen Zephyr’s financial position and support its strategic growth initiatives.
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.
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’s flagship asset is a 46,000-acre leaseholding in the Paradox Basin, Utah, and it also holds interests in non-operated producing wells in the Williston Basin in North Dakota and Montana.
Average Trading Volume: 5,624,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: £59.7M
See more insights into ZPHR stock on TipRanks’ Stock Analysis page.