Kiwetinohk Energy Corp. ( (TSE:KEC) ) has issued an update.
Kiwetinohk Energy Corp. has announced the sale of its 101-MW Opal natural gas-fired power project for $21 million to Bitdeer Technologies Group. This transaction is intended to strengthen Kiwetinohk’s financial position by reducing debt and demonstrates the company’s capability in developing high-quality power assets. The sale aligns with Kiwetinohk’s strategic focus on advancing and financing prominent projects within its portfolio, reinforcing its market positioning as a developer of scalable energy solutions.
More about Kiwetinohk Energy Corp.
Kiwetinohk Energy Corp. is involved in the production of natural gas, natural gas liquids, oil, and condensate, as well as the development of renewable and natural gas power projects. The company is also exploring early-stage carbon capture and storage opportunities in Alberta. Its shares are traded on the Toronto Stock Exchange under the symbol KEC.
YTD Price Performance: 0.18%
Average Trading Volume: 4,945
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$743M
For detailed information about KEC stock, go to TipRanks’ Stock Analysis page.