Join our daily newsletter At The Bell to receive exclusive market insights
- Alligator Energy (AGE) is getting ready to snap up some more capital, after placing its shares in a trading halt
- The uranium explorer placed its securities in a halt on Friday, with shares to begin trading again by Monday
- The company last raised funds in August, adding $11 million to its balance sheet via a share placement to investors
- AGE ended the 2021 financial year with $1.63 million worth of cash in the bank, having spent more than $789,000 on operating activities
- Shares in Alligator Energy last traded at 6.8 cents each on September 30
Alligator Energy (AGE) is getting ready to snap up some more capital, after placing its shares in a trading halt.
The uranium and energy minerals explorer placed its securities in a halt on Friday, with shares to begin trading again by Monday, October 4.
The company last raised funds in August, adding $10.7 million to its balance sheet via a share placement to investors.
AGE ended the 2021 financial year with $1.63 million worth of cash in the bank, having spent more than $789,000 on operating activities.
The company also recorded a net loss of over $991,000 at the end of FY21, almost on par with FY20’s loss of $985,000.
Alligator’s primary focus during the past financial year was completing its acquisition of the Samphire Uranium Project in South Australia.
The asset contains inferred resources of 47 million pounds of uranium, with AGE beginning work on a scoping study for the project.
Shares in Alligator Energy last traded at 6.8 cents each on Thursday, September 30.
