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Cauldron Energy Issues New Shares Following Option Conversion

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Cauldron Energy Issues New Shares Following Option Conversion

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An announcement from Cauldron Energy ( (AU:CXU) ) is now available.

Cauldron Energy Limited announced the issuance of 5,566,667 fully paid ordinary shares following the conversion of options, as per the Corporations Act 2001. This move, which did not require disclosure under Part 6D.2 of the Act, signifies compliance with regulatory requirements and reflects the company’s ongoing operational activities, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:CXU) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Cauldron Energy stock, see the AU:CXU Stock Forecast page.

More about Cauldron Energy

Cauldron Energy Limited operates in the energy sector, focusing on the exploration and development of uranium and other mineral resources. The company is listed on the Australian Securities Exchange under the ticker CXU and is based in Western Australia.

YTD Price Performance: 90.91%

Average Trading Volume: 5,902,865

Technical Sentiment Signal: Hold

Current Market Cap: A$37.58M

For a thorough assessment of CXU stock, go to TipRanks’ Stock Analysis page.

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