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Carnaby Resources Ltd. ( (AU:CNB) ) has provided an update.
Carnaby Resources Ltd. has issued 9,852,217 fully paid ordinary shares to acquire the remaining 17.5% interest in the Greater Duchess Copper Gold Joint Venture from Latitude 66 Limited. This strategic move enhances Carnaby’s stake in the joint venture, potentially strengthening its position in the copper and gold market.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 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.
Carnaby Resources Ltd. operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is involved in joint ventures to expand its resource base and enhance its market position.
Average Trading Volume: 825,848
Technical Sentiment Signal: Buy
Current Market Cap: A$100.5M
See more data about CNB stock on TipRanks’ Stock Analysis page.