Pennine Petroleum (TSE:PNN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Pambili Natural Resources Corporation is divesting its legacy oil and gas assets, including the Chinook wells, to focus on gold mining in Zimbabwe. The sale of these assets to Chauvin Energy Inc. for C$150,000 will help Pambili reduce its obligations and direct resources towards becoming a significant gold producer.
For further insights into TSE:PNN stock, check out TipRanks’ Stock Analysis page.
