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Canterbury Resources Ltd. ( (AU:CBY) ) just unveiled an update.
Canterbury Resources Limited has announced the lapse of 5,000,000 listed options (ASX code CBYAP) that expired on 31 December 2025 with an exercise price of $0.08, without being exercised or converted. The expiry of these options reduces the company’s pool of potential equity overhang from convertible securities, slightly simplifying its capital structure but not directly affecting current issued share capital, and may signal limited demand at the option strike price at the time of expiry.
The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.
More about Canterbury Resources Ltd.
Canterbury Resources Limited (ASX: CBY) is an Australian-listed resources company. It is involved in the exploration and development of mineral resource assets, with its securities traded on the Australian Securities Exchange.
Average Trading Volume: 517,353
Technical Sentiment Signal: Buy
Current Market Cap: A$7.01M
For a thorough assessment of CBY stock, go to TipRanks’ Stock Analysis page.