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Cannindah Resources Limited ( (AU:CAE) ) has provided an announcement.
Cannindah Resources Limited reported a financial loss of $502,564 for the half-year ending December 31, 2024, but improved its cash position significantly through a $5 million share placement. The company announced a substantial increase in its Mount Cannindah Mineral Resource Estimate, with notable rises in copper, gold, and silver tonnage, enhancing its potential economic extraction via open-pit mining.
More about Cannindah Resources Limited
Cannindah Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper, gold, and silver, with a significant focus on the Mount Cannindah Mineral Resource.
YTD Price Performance: 82.50%
Average Trading Volume: 483,584
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$49.51M
See more data about CAE stock on TipRanks’ Stock Analysis page.
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