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Clean TeQ Water Seeks ASX Quotation for Additional Ordinary Shares

Story Highlights
  • Clean TeQ Water has applied to quote 2,150 new fully paid ordinary shares on the ASX.
  • The minor share issuance reflects routine capital management with limited impact on capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Clean TeQ Water Seeks ASX Quotation for Additional Ordinary Shares

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Clean TeQ Water Ltd ( (AU:CNQ) ) just unveiled an announcement.

Clean TeQ Water Limited has applied to the ASX for quotation of 2,150 new fully paid ordinary shares, to be listed under its existing ticker CNQ. The small issuance of additional securities, arising from the exercise or conversion of existing instruments, represents a routine capital management action with limited direct impact on the company’s capital structure but reflects ongoing shareholder participation in its equity.

The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.

More about Clean TeQ Water Ltd

Clean TeQ Water Limited is an Australian-listed company in the water treatment and purification sector, trading on the ASX under the code CNQ. The company focuses on the development and provision of water treatment technologies and solutions for industrial, municipal, and resource-sector clients, targeting markets that require advanced treatment of contaminated or process water.

Average Trading Volume: 125,828

Technical Sentiment Signal: Buy

Current Market Cap: A$31.35M

For detailed information about CNQ stock, go to TipRanks’ Stock Analysis page.

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