Toro Energy completes $5 million placement

Toro Energy [ ASX:TOE ] , the Australian resources miner specialising in uranium, gold, and nickel, announced the completion of its $5 million capital raise for advancing its Lake Maitland, Dusty, and Yandal Projects.

Toro’s share price has now been lowered by almost 8% on Friday afternoon and has plunged 54% over the last 52 weeks.

Australian resources and commodities remain a topic of contention. As oil and gas prices continue to fall, some commodities have been moving up — uranium has lifted by more than 0.5% today, and gold by 0.18%.

Competition has also been fuelled; for example, gas and oil corporation Beach Energy [ ASX:BPT ] today backed out of a takeover battle over Warrego Energy [ ASX:WGO ] which had been hot against Hancock over the past week .Within its industry, though, TOE is trading at 89% below. Source: tradingview.com Toro’s $5 million placement The uranium producer announced […]

Click here to view original web page at www.moneymorning.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.