An update from Key Petroleum Limited ( (AU:KEY) ) is now available.
Key Petroleum Limited has announced a fully underwritten non-renounceable pro rata entitlement offer to raise approximately A$312,225. This offer allows eligible shareholders to purchase new shares at a price of A$0.062 each, on the basis of one new share for every five existing shares. The offer aims to strengthen the company’s financial position and support its ongoing operations in the petroleum sector.
More about Key Petroleum Limited
Key Petroleum Limited operates in the petroleum industry, focusing on the exploration and development of oil and gas resources. The company is involved in the identification and extraction of hydrocarbon resources, catering to energy markets.
YTD Price Performance: -7.46%
Average Trading Volume: 24,853
Technical Sentiment Signal: Buy
Current Market Cap: A$1.56M
See more insights into KEY stock on TipRanks’ Stock Analysis page.