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Cannindah Resources Limited ( (AU:CAE) ) has issued an update.
Cannindah Resources Limited has applied for quotation on the ASX of 87,222,223 new fully paid ordinary shares under the code CAE, with an issue date of 9 April 2026. The securities are being quoted following an earlier Appendix 3B announcement, indicating the company is progressing previously disclosed capital-raising or transaction plans that may support its ongoing exploration and development activities and provide additional liquidity for shareholders.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.04 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 is an Australian-listed company in the resources sector, trading on the ASX under the code CAE. The company is engaged in exploration and development activities, with its operations funded in part through equity issuances on the Australian Securities Exchange.
Average Trading Volume: 2,206,946
Technical Sentiment Signal: Sell
Current Market Cap: A$49.74M
For detailed information about CAE stock, go to TipRanks’ Stock Analysis page.