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The latest update is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. has announced a proposed issue of 37,878,788 ordinary fully paid securities, with the issuance date set for October 28, 2025. This move is part of a strategic placement aimed at raising capital, potentially enhancing the company’s financial position and operational capabilities within the mining sector.
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 mineral resources. The company primarily deals with the extraction and production of valuable minerals, positioning itself within the resource sector to capitalize on market demands.
Average Trading Volume: 805,440
Technical Sentiment Signal: Hold
Current Market Cap: A$108.5M
For an in-depth examination of CNB stock, go to TipRanks’ Overview page.