Home / Features / Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) Could Receive Up To $1.6B Back As A Result Of An Ongoing Corruption Probe

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) Could Receive Up To $1.6B Back As A Result Of An Ongoing Corruption Probe

Several matter pinch shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis], as shares moving up 0.52% to $9.65 with a share volume of 13.91 Million. Brazilian state-controlled oil firm, Petróleo Brasileiro SA reported that it could receive up to 5.5 billion reais ($1.6 billion) back as a result of an ongoing corruption probe, Chief Executive Officer Pedro Parente stated on Friday. Speaking at a news conference in Curitiba, he estimated Petrobras lost roughly 6 billion reais due to a kickback scheme involving major politicians and executives.

The firm got 204 million reais back on Friday, adding to over 500 million reais it had already attained. The stock is going forward its 52-week low with 256.09% and moving down from its 52-week high price with -23.17%. To have technical analysis views, liquidity ratio of a firm was calculated 1.70 as evaluated with its debt to equity ratio of 1.51. The float short ratio was 1.65%, as compared to sentiment indicator; Short Ratio was 2.57.

Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) [Trend Analysis] runs in leading trade, it plunging -24.36% to traded at $2.95. The firm has price volatility of 69.98% for a week and 27.98% for a month. Its beta stands at 2.67 times. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) reported that it has entered into a Securities Purchase Contract with unassociated third party institutional investors, pursuant to which the Firm will sell 1,305,000 shares of ordinary stock at a purchase price of $2.75 per share for gross proceeds of $3.6 million in a registered direct offering. The closing of the transaction is predictable to occur on or about November 23, 2016, subject to the satisfaction of customary closing conditions.

Maxim Group LLC acted as the exclusive placement agent for the offering. The Firm anticipates that the net proceeds from the sale of the securities, following deducting placement agent’s fee, will be about $3.3 million. The net proceeds of this offering are predictable to be used for general corporate purposes, comprising funding of vessel acquisitions. Narrow down four to firm performance, its weekly performance was 34.09% and monthly performance was 13.46%. The stock price of SHIP is moving up from its 20 days moving average with 8.36% and isolated positively from 50 days moving average with 4.03%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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