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Carnaby Resources Ltd. ( (AU:CNB) ) has issued an announcement.
Carnaby Resources Ltd. announced a proposed issuance of 9,852,217 fully paid ordinary securities, with a planned issue date of September 30, 2025. This strategic move is part of the company’s efforts to raise capital, potentially strengthening its financial position and supporting its ongoing exploration and development projects. The issuance could impact the company’s market standing and provide new opportunities for stakeholders.
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.
Carnaby Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the discovery and extraction of valuable minerals, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 339,846
Technical Sentiment Signal: Sell
Current Market Cap: A$87.93M
Find detailed analytics on CNB stock on TipRanks’ Stock Analysis page.