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The latest announcement is out from Caspin Resources Ltd. ( (AU:CPN) ).
Caspin Resources has issued 3,235,748 fully paid ordinary shares following the conversion of an equivalent number of vested performance rights under its employee incentive plan, increasing its share base without undertaking a new capital raising. The company confirmed that the shares were issued without a disclosure document under Australian corporations law, while affirming its ongoing compliance with financial reporting and continuous disclosure obligations, signalling routine capital management and staff incentivisation rather than a change in strategic direction.
The most recent analyst rating on (AU:CPN) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Caspin Resources Ltd. stock, see the AU:CPN Stock Forecast page.
More about Caspin Resources Ltd.
Caspin Resources Ltd is a Perth-based mineral exploration company focused on early-stage exploration and development across three Australian projects targeting tin, gold, nickel, copper and PGE commodities. Its flagship Bygoo Project in New South Wales is an advanced high-grade tin asset with a maiden Inferred Resource of 3.94Mt at 0.5% tin, while the company is also earning into the Weethalle gold project in NSW and advancing the Yarawindah Brook and Mount Squires nickel-copper-PGE projects in Western Australia, positioning it to benefit from demand in critical and technology metals.
Average Trading Volume: 1,359,205
Technical Sentiment Signal: Buy
Current Market Cap: A$24.15M
For an in-depth examination of CPN stock, go to TipRanks’ Overview page.