Jericho Energy Ventures ( (TSE:JEV) ) has shared an announcement.
Jericho Energy Ventures has announced the sale of its minority stake in Supercritical Solutions for approximately US$1.8 million, as part of a strategy to focus on core operating assets and enhance shareholder value. The company is also granting stock options to directors and officers, and has entered a digital marketing services agreement with Senergy Communications Capital Inc. to enhance its digital presence. These moves are aimed at streamlining operations and strengthening Jericho’s market positioning in the energy sector.
More about Jericho Energy Ventures
Jericho Energy Ventures is an energy company engaged in both traditional hydrocarbon joint venture assets and the low-carbon energy transition. The company is actively investing in hydrogen technologies, with a wholly owned subsidiary, Hydrogen Technologies, that provides zero-emission boiler technology for the commercial and industrial heat and steam industry. Jericho also holds a strategic investment in California Catalysts, a developer of advanced materials for electrolysis, and operates oil and gas assets in Oklahoma.
YTD Price Performance: -19.23%
Average Trading Volume: 36,933
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$31.85M
See more data about JEV stock on TipRanks’ Stock Analysis page.