Pennpetro Energy Plc (GB:PPP) has released an update.
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Pennpetro Energy Plc has successfully raised £300,000 through a new share issuance to an institutional investor, with each share priced at 6 pence. The funds, supplementing a recent £360,000 capital raise, will bolster the company’s working capital and support its business ventures in Texas. The new shares are set to be listed following the lift of a suspension on the company’s ordinary shares.
For further insights into GB:PPP stock, check out TipRanks’ Stock Analysis page.
