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The latest announcement is out from Cavalier Resources Limited ( (AU:CVR) ).
Cavalier Resources Limited has issued 300,000 fully paid ordinary shares following the exercise of unlisted options, with the new shares forming part of its existing class of ASX-quoted ordinary shares. The company states that the shares were issued without a prospectus in reliance on relevant Corporations Act exemptions, confirms its compliance with continuous disclosure and financial reporting obligations, and indicates there is no undisclosed information material to investors’ assessment of the company or the new securities, signalling a routine capital management move with no apparent adverse implications for shareholders.
The most recent analyst rating on (AU:CVR) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Cavalier Resources Limited stock, see the AU:CVR Stock Forecast page.
More about Cavalier Resources Limited
Average Trading Volume: 75,240
Technical Sentiment Signal: Buy
Current Market Cap: A$28.54M
For a thorough assessment of CVR stock, go to TipRanks’ Stock Analysis page.