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Challenger Exploration Limited ( (AU:CEL) ) has provided an announcement.
Challenger Gold Limited has announced the lapse of 1,480,909 performance rights, which have ceased as securities after the conditions attached to these rights were not met or became incapable of being satisfied. The cancellation of these rights slightly reduces the company’s potential future share dilution and clarifies its issued capital structure for existing shareholders and prospective investors.
The most recent analyst rating on (AU:CEL) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Challenger Exploration Limited stock, see the AU:CEL Stock Forecast page.
More about Challenger Exploration Limited
Challenger Gold Limited is an Australian-listed mining company operating under the ASX code CEL. The company is involved in the exploration and development of gold assets, targeting opportunities in the precious metals sector for investors seeking exposure to gold-related projects.
Average Trading Volume: 4,806,584
Technical Sentiment Signal: Buy
Current Market Cap: A$339.5M
Learn more about CEL stock on TipRanks’ Stock Analysis page.