Battalion Oil Shares Skyrocket 130% Over Plan To Raise About $15 Mln

Shares of Battalion Oil Corporation (BATL) are soaring about 130 percent on Tuesday morning trading following the announcement of an agreement to raise approximately $15 million at a price of $5.50 per share of common stock and or common stock equivalents in lieu thereof in the form of a prefunded warrant with a new fundamental institutional investor.The company's shares are currently trading at $27.12 on the New York Stock Exchange American, up 130.13 percent. The stock opened at $24.76 and has climbed as ...