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Carbonxt Group Ltd. ( (AU:CG1) ) has shared an update.
Carbonxt Group Ltd has issued 7,862,900 fully paid ordinary shares and 500,000 unquoted convertible notes, along with 3,125,000 unquoted options, to raise funds for additional working capital and improved cash flow. This strategic move is expected to bolster the company’s financial position, potentially enhancing its market operations and stakeholder confidence.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company that specializes in developing and marketing Activated Carbon products aimed at capturing mercury and sulfur emissions in industrial processes. The company produces powdered and pelletized forms of Activated Carbon for air purification, wastewater treatment, and other liquid and gas phase markets. Established in 2001, Carbonxt was listed on the ASX in January 2018.
YTD Price Performance: -27.14%
Average Trading Volume: 218,813
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$19.81M
See more insights into CG1 stock on TipRanks’ Stock Analysis page.