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Challenger Exploration Limited ( (AU:CEL) ) just unveiled an update.
Challenger Gold Limited has issued a total of 4,666,666 new ordinary shares, comprising 3,833,333 shares from the exercise of options and 833,333 shares as quarterly interest to financier Queens Road Capital, relying on a disclosure exemption under Section 708A(5)(e) of the Corporations Act. The company confirmed that it remains compliant with its continuous disclosure and financial reporting obligations under the Corporations Act, stated it is not aware of any excluded information, and noted that the relevant share issue appendices have already been lodged with the ASX, signaling routine capital management activity without undisclosed material developments for shareholders.
The most recent analyst rating on (AU:CEL) stock is a Buy with a A$0.18 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, listed on the ASX under the code CEL, is an Australian resources company focused on gold exploration and development, operating out of its office in West Perth, Western Australia, and participating in the broader mining and commodities sector.
Average Trading Volume: 5,382,752
Technical Sentiment Signal: Buy
Current Market Cap: A$375.1M
For detailed information about CEL stock, go to TipRanks’ Stock Analysis page.