Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Cannindah Resources Limited ( (AU:CAE) ) has issued an update.
Cannindah Resources has requested and been granted a trading halt on its securities on the ASX as it prepares to announce a capital raising. The halt, which will remain in place until either the capital raising announcement is released or before the start of trading on 3 February 2026, signals that the company is moving to secure additional funding, a step that could influence its balance sheet, support ongoing project development, and potentially dilute existing shareholders depending on the structure of the raise.
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
Cannindah Resources Limited (ASX: CAE) is an Australian-listed resources company operating in the mining and exploration sector, focused on advancing its portfolio of mineral assets to create value for shareholders through resource development and associated capital market activities.
Average Trading Volume: 831,239
Technical Sentiment Signal: Buy
Current Market Cap: A$46.42M
See more insights into CAE stock on TipRanks’ Stock Analysis page.