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An update from Capricorn Metals Ltd ( (AU:CMM) ) is now available.
Capricorn Metals Ltd has received approval from the Supreme Court of Western Australia for its acquisition of Warriedar Resources Limited through a share and option scheme. This strategic move will see Warriedar’s shares and options suspended from trading on the ASX, with Capricorn issuing new shares and options to Warriedar’s shareholders. The acquisition is expected to enhance Capricorn’s market position and operational capabilities, with the new Capricorn shares commencing trading on a deferred settlement basis shortly after the schemes become effective.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$15.50 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Average Trading Volume: 1,994,478
Technical Sentiment Signal: Buy
Current Market Cap: A$6.13B
Learn more about CMM stock on TipRanks’ Stock Analysis page.