Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Charger Metals NL ( (AU:CHR) ) has issued an update.
Charger Metals NL has confirmed that 41,855,181 partly paid shares, now designated as CHRCB, transitioned from CHRCA status after shareholders paid a $0.02 call per share, delivering approximately $837,104 in additional cash to the company with a strong 98% uptake. A remaining 853,579 CHRCA partly paid shares, where the call was not met, were forfeited, returned to the company and auctioned by the directors in accordance with its constitution, raising a further $35,268 before costs and any refunds, thereby completing the funding process for this call and modestly strengthening Charger Metals’ balance sheet while simplifying its partly paid share register.
The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.13 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 Australian-listed resources company focused on mineral exploration and development, with its shares traded on the ASX under the code CHR and a structure that includes partly paid share classes. The company raises capital from investors through these partly paid securities, which can be progressively paid up and converted into more fully paid equity over time.
Average Trading Volume: 609,077
Technical Sentiment Signal: Buy
Current Market Cap: A$13.94M
For an in-depth examination of CHR stock, go to TipRanks’ Overview page.