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The latest announcement is out from Carbonxt Group Ltd. ( (AU:CG1) ).
Carbonxt Group Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 6,666,667 new fully paid ordinary shares, with the issue date scheduled for 6 January 2026. The capital raising via this share placement is expected to provide additional funding flexibility for the company’s ongoing operations and growth initiatives, potentially strengthening its balance sheet and supporting its positioning in the environmental technology market, though specific use of proceeds was not disclosed.
The most recent analyst rating on (AU:CG1) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Carbonxt Group Ltd. stock, see the AU:CG1 Stock Forecast page.
More about Carbonxt Group Ltd.
Carbonxt Group Limited, listed on the ASX under the code CG1, operates in the environmental and clean technology sector, focusing on products and solutions that address emissions reduction and related industrial applications.
Average Trading Volume: 183,101
Technical Sentiment Signal: Buy
Current Market Cap: A$42.67M
See more insights into CG1 stock on TipRanks’ Stock Analysis page.