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Cauldron Energy ( (AU:CXU) ) has issued an update.
Cauldron Energy responded to a price query from ASX Compliance regarding a recent increase in its share price, stating that there was no undisclosed information that could explain the trading activity. The company is in the process of updating its market announcement to include recent drilling results from its Manyingee South Uranium Deposit, which are considered material. The results are derived from downhole gamma logging, a standard and reliable method in the uranium industry, and are reported weekly to the ASX.
More about Cauldron Energy
Cauldron Energy is a company operating in the uranium industry, focusing on exploration and development of uranium deposits. Its primary market focus is on the Yanrey Uranium Project, which includes the Manyingee South Uranium Deposit.
YTD Price Performance: 100%
Average Trading Volume: 6,223,815
Technical Sentiment Signal: Buy
Current Market Cap: A$39.37M
For a thorough assessment of CXU stock, go to TipRanks’ Stock Analysis page.