Mitchell Services (ASX:MSV) is positioned for future growth with the recent settlement of its $20.2 million underwritten capital raising.
This follows the acquisition of Tom Browne Drilling Services earlier this month that makes it one of the largest drilling services providers in Eastern Australia by rig count.
It now has 58 rigs, twice as many as it owned before the acquisition, with 21 of these being Tier 1 rigs.
The company has also acquired a drilling contract through to December 2015 with a Tier 1 mining company.
Operations on site are progressing safely and efficiently.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $62.52M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $18.82K | 63.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 124971 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 115659 | 5 |
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| Last trade - 15.31pm 12/09/2025 (20 minute delay) ? |
| MSV (ASX) Chart |