Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Cannindah Resources Limited ( (AU:CAE) ).
Cannindah Resources Limited has lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 87,222,223 new fully paid ordinary shares under its ticker CAE. The new securities are to be issued via a placement or other type of capital raising, with a proposed issue date of 31 March 2026, signalling a significant equity issuance that is likely aimed at strengthening the company’s balance sheet and funding its ongoing activities, with potential dilution implications for existing shareholders.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
More about Cannindah Resources Limited
Average Trading Volume: 892,391
Technical Sentiment Signal: Buy
Current Market Cap: A$57.77M
Find detailed analytics on CAE stock on TipRanks’ Stock Analysis page.