The latest update is out from Powerhouse Energy ( (GB:PHE) ).
Powerhouse Energy Group PLC has announced a retail offer to raise up to £125,000 through the issuance of new ordinary shares, alongside a separate placing that raised £1.25 million. The funds will accelerate research and development activities, particularly demonstrating the flexibility of the DMG process, and support project pipelines in locations such as Ballymena and Australia. The retail offer is part of the company’s strategy to engage its UK retail shareholders and strengthen its working capital base.
More about Powerhouse Energy
Powerhouse Energy Group PLC operates in the energy sector, focusing on converting waste into energy through its proprietary DMG technology. The company aims to provide sustainable solutions by developing alternative outputs such as sustainable aviation fuel.
YTD Price Performance: -40.91%
Average Trading Volume: 7,733,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £28.12M
For a thorough assessment of PHE stock, go to TipRanks’ Stock Analysis page.