Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shree Minerals Limited ( (AU:CTN) ) just unveiled an update.
Catalina Resources Ltd has lodged an Appendix 3B detailing a proposed capital raising involving the issue of up to 24,308,376 new fully paid ordinary shares and 6,915,940 existing class CTNAA options, alongside two new classes of unlisted options. The new unlisted options comprise 9,861,707 options exercisable at $0.23 and 4,149,303 options exercisable at $0.345, each with a three-year expiry from the date of issue, with all securities expected to be issued on 25 February 2026. The placement or other form of issue is intended to expand the company’s capital base, providing additional financial flexibility for its resource exploration and development activities, and potentially diluting existing shareholders while offering leverage to any future share price appreciation through the new options.
The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Shree Minerals Limited stock, see the AU:CTN Stock Forecast page.
More about Shree Minerals Limited
Catalina Resources Ltd is an ASX-listed company in the resources sector, focused on mineral exploration and development activities. Its securities trade under the code CTN, and it uses options and ordinary shares as part of its capital management and funding strategy within the mining and exploration market.
Average Trading Volume: 255,528
Technical Sentiment Signal: Sell
Current Market Cap: A$9.71M
See more insights into CTN stock on TipRanks’ Stock Analysis page.