Catalyst Metals Issues New Shares to Strengthen Financial Position

Catalyst Metals Limited ( (AU:CYL) ) just unveiled an update.

Catalyst Metals Limited has issued 10,000 fully paid ordinary shares following the exercise of unlisted options, as announced in their recent Appendix 2A notice. This move, conducted under Section 708A(5)(e) of the Corporations Act, allows the company to issue shares without a disclosure document to exempt investors, indicating compliance with relevant legal provisions and a strategic effort to strengthen its financial position.

The most recent analyst rating on (AU:CYL) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.

More about Catalyst Metals Limited

Catalyst Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily engages in the extraction and production of metals, with a market focus on expanding its resource base and enhancing shareholder value.

Average Trading Volume: 1,953,450

Technical Sentiment Signal: Buy

Current Market Cap: A$1.72B

Find detailed analytics on CYL stock on TipRanks’ Stock Analysis page.