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The latest announcement is out from C29 Metals Limited ( (AU:C29) ).
C29 Metals’ latest quarterly report shows the explorer concentrating on its Australian asset base, progressing drill planning at the Samsons Tank Copper project in New South Wales and preparing renewal applications for its tenements, while also actively reviewing global acquisition opportunities to diversify its portfolio. The company ended the December quarter with $211,000 in cash, incurred modest exploration spending mainly on geological reviews and drill planning, reported no substantive mining production, and strengthened short-term funding through a $150,000 interest-free convertible loan from a director, underlining a focus on sustaining exploration momentum despite its limited balance sheet.
The most recent analyst rating on (AU:C29) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on C29 Metals Limited stock, see the AU:C29 Stock Forecast page.
More about C29 Metals Limited
C29 Metals Limited is an Australian mineral exploration company focused on copper and other base metals, with key assets in Australia including the Samsons Tank Copper project in New South Wales’ Lachlan Fold Belt. The company aims to expand and diversify its exploration portfolio through assessing new acquisition opportunities globally to enhance shareholder value.
Average Trading Volume: 474,867
Technical Sentiment Signal: Buy
Current Market Cap: A$5.23M
For an in-depth examination of C29 stock, go to TipRanks’ Overview page.