Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Serinus Energy ( (GB:SENX) ) has provided an announcement.
Serinus Energy has announced a conditional fundraising initiative, aiming to raise up to £1.0 million through a placing and a separate retail offer. The funds raised will be used to strengthen its balance sheet and support the artificial lift programme in Tunisia. The placing involves the issuance of 30,039,101 new ordinary shares and the retail offer targets another 10,000,000 shares. A significant portion of the new shares has been subscribed by Xtellus Capital Partners, a major shareholder, increasing its stake to 29.9%. The fundraising is contingent on shareholder approval at an upcoming general meeting.
More about Serinus Energy
Serinus Energy is an international upstream oil and gas exploration and production company with operations in Tunisia and Romania.
YTD Price Performance: -14.00%
Average Trading Volume: 369,937
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.6M
See more insights into SENX stock on TipRanks’ Stock Analysis page.
