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USEG - U.S. Energy plummets on stock offering news
U.S. Energy Corp.
U.S. Energy (USEG) -17.8% post-market after announcing a planned public offering of an unspecified number of common shares.Kingswood Capital Markets is acting as sole bookrunner for the offering.USEG shares have climbed 50% in the past month, although the company reported just $400K in sales with ~$1M in cash on hand during Q3.