NYSEAM:REIOil and Gas
A Look At Ring Energy (REI) Valuation After $60 Million Equity Offering And Recent Quarterly Loss
Why Ring Energy’s latest equity raise matters for current and prospective shareholders
Ring Energy (REI) has just completed a US$60.0 million follow on equity offering, pricing 44,444,445 new common shares at US$1.35 each, shortly after reporting a sizeable first quarter net loss.
See our latest analysis for Ring Energy.
Despite the equity raise being priced below recent trading levels, Ring Energy’s share price return is up 46.86% year to date and the 1 year total shareholder return is 59%,...