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Cauldron Energy ( (AU:CXU) ) has provided an update.
Cauldron Energy has issued 18,075,099 fully paid ordinary shares following the conversion of options, expanding its share base without issuing a prospectus or other disclosure document under the fundraising provisions of the Corporations Act. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and stated that there is no excluded information relevant to the new shares, signalling to investors that the additional securities can trade freely on the secondary market under the Act’s provisions.
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 is an ASX-listed company (ASX: CXU) based in Western Australia. The company operates in the energy and resources sector, with its activities centred on the exploration and development of energy-related mineral projects.
YTD Price Performance: 81.82%
Average Trading Volume: 4,299,065
Technical Sentiment Signal: Hold
Current Market Cap: A$36.42M
See more data about CXU stock on TipRanks’ Stock Analysis page.