Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Carnaby Resources Ltd. ( (AU:CNB) ) has issued an announcement.
Carnaby Resources Ltd. has announced that it has ceased to be a substantial holder in Hammer Metals Limited due to a dilution of its shares following a capital raise by Hammer Metals. This change affects 9,090,909 ordinary shares and the same number of votes, indicating a significant shift in Carnaby Resources’ investment position in Hammer Metals.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.26 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
More about Carnaby Resources Ltd.
Average Trading Volume: 356,479
Technical Sentiment Signal: Hold
Current Market Cap: A$103.9M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.