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Carbonxt Group Ltd. ( (AU:CG1) ) has provided an update.
Carbonxt Group Ltd has issued 6,666,667 fully paid ordinary shares to raise additional working capital and fund a further US$250,000 investment in New Carbon Processing, LLC, signalling continued commitment to expanding its specialised activated carbon operations. The company confirmed that the share issue was conducted without a disclosure document under relevant Corporations Act provisions and stated it remains compliant with its continuous disclosure and financial reporting obligations, indicating no excluded information, which may reassure investors about governance and transparency around the capital raising.
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 Ltd is an Australian cleantech company that develops and markets specialised activated carbon products designed to capture contaminants in industrial processes that emit high levels of harmful pollutants. It manufactures powdered activated carbon and activated carbon pellets for use in industrial air purification, wastewater treatment and other liquid and gas phase markets.
Average Trading Volume: 183,101
Technical Sentiment Signal: Buy
Current Market Cap: A$42.67M
See more data about CG1 stock on TipRanks’ Stock Analysis page.