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The latest update is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. has completed the settlement of Tranche 2 of its share placement, raising approximately $4.2 million. This placement, involving the issuance of around 13.5 million new shares, received shareholder approval and included participation from company directors. The funds are expected to support the ongoing development of the company’s projects, enhancing its market position and operational capabilities.
More about Carnaby Resources Ltd.
Carnaby Resources Ltd. operates in the mining industry, focusing on copper and gold projects. It boasts a strong management team and a robust financial position. The company’s key asset is the Greater Duchess Copper Gold Project in Queensland, which encompasses several significant discoveries and is undergoing a Pre-Feasibility Study. Additionally, Carnaby has agreements with Glencore and holds promising land near De Grey’s Hemi gold discovery.
YTD Price Performance: 5.88%
Average Trading Volume: 291,169
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$77.37M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.
