Oando Energy Rallies after Shareholders Meeting
Oando Energy Plc market value picked up momentum after the company annual shareholders meeting on Tuesday. The oil stock is currently trading at about 4% above yesterday close in the equities market, trading at N71.2 during early trading hour on Wednesday, from N68.5.
Oando Plc hit N72.95 per share on Monday but nosedived as the company announced its net profit for 9month of financial year 2024 was negatively impacted by exchange rate fluctuations.
The stock had peaked at N98.4 per share, its 52-week high during a good time in the local bourse when value hunters reacted to its expansion by acquisition.
The board of directors of Oando Energy Plc presented audited report for financial year 2022 and 2023 to shareholders yesterday.
With shareholders’ approval, the energy company re-elect BDO Professional services as the Company’s Auditors in relation to the audit of the financial statements of the company for the year ended December 31, 2024, and the year ended December 31, 2025.
Oando also re-elected some directors and approved remuneration of non-executive directors. # Oando Energy Climbs after Shareholders Meeting. #Oando Energy Rallies after Shareholders Meeting#
