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Charger Metals NL ( (AU:CHR) ) has shared an announcement.
Charger Metals NL has reported a successful uptake of a capital call on its partly paid CHRCA shares, with 40,570,551 shares transitioning to the CHRCB class following payment of a $0.02 call, raising approximately $811,411 before costs at a 95% participation rate. A remaining 2,138,209 CHRCA partly paid shares have been delisted, with holders still able to pay the outstanding call until 14 January 2026 before unpaid shares are forfeited and sold at public auction, while 750,000 CHRCB shares have had the unpaid $0.08 converted to fully paid status, adding $60,000 in cash and leaving scope for a further $3.36 million in potential funding if all CHRCB holders fully pay their balances, strengthening the company’s funding flexibility and capital structure.
The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.
More about Charger Metals NL
Charger Metals NL is an Australia-listed resources company focused on mineral exploration and development, with its securities traded on the ASX under the code CHR and associated partly paid share classes CHRCA and CHRCB.
Average Trading Volume: 605,831
Technical Sentiment Signal: Buy
Current Market Cap: A$13.94M
See more insights into CHR stock on TipRanks’ Stock Analysis page.