Mammoth Energy Services shares are trading higher after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services shares are trading higher after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.
July 23, 2024 | 11:52 am
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Mammoth Energy Services shares are trading higher following the announcement that its subsidiary, Cobra Acquisitions, has entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.
The settlement agreement with the Puerto Rico Electric Power Authority is likely seen as a positive development, reducing legal uncertainties and potentially improving financial stability for Mammoth Energy Services. This has led to a positive market reaction, driving the stock price higher.
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IMPORTANCE 80
RELEVANCE 100