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An update from Carbonxt Group Ltd. ( (AU:CG1) ) is now available.
Carbonxt Group Ltd has issued 8,000,000 fully paid ordinary shares to raise funds for working capital and further investment in New Carbon Processing, LLC. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the cleantech industry, potentially benefiting stakeholders by improving its market offerings and financial stability.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company specializing in the development and marketing of Activated Carbon products aimed at capturing contaminants in industrial processes. The company produces Powdered Activated Carbon and Activated Carbon pellets for industrial air purification, wastewater treatment, and other liquid and gas phase markets.
Average Trading Volume: 188,635
Technical Sentiment Signal: Buy
Current Market Cap: A$37.26M
For detailed information about CG1 stock, go to TipRanks’ Stock Analysis page.