Nexus Energy - Poised for next phase of growth (Pt 2)

In a recent research report Grange Securities gave a 6-12 month price target of 30-50c a share for Nexus based on an expectation that one of the group’s prospects will be developed as a stand-alone venture. The stockbroker said it expected Nexus to move to an ASX 300 or ASX 200 company over the next 12 months.