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Cavalier Resources Limited ( (AU:CVR) ) has issued an update.
Cavalier Resources Limited has applied to the ASX for quotation of 300,000 new fully paid ordinary shares, to be traded under its existing ticker CVR. The securities result from the conversion or exercise of options or other convertible instruments, modestly increasing the company’s quoted share capital and potentially enhancing liquidity for existing and new investors without signaling any immediate change to its operating strategy.
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
See more insights into CVR stock on TipRanks’ Stock Analysis page.