Cobalt Blue Holdings Concludes Entitlement Issue, Plans Further Share Placement

The latest announcement is out from Cobalt Blue Holdings Ltd. ( (AU:COB) ).

Cobalt Blue Holdings Ltd announced the results of their non-renounceable entitlement issue, which closed on January 17, 2025. The company offered new shares to eligible shareholders, raising $519,647 from the subscription of 7,217,314 new shares out of the 84,264,315 available. The company reserves the right to place the remaining shortfall shares within three months, potentially impacting their capital structure and financial flexibility.

More about Cobalt Blue Holdings Ltd.

Cobalt Blue Holdings Ltd is a company operating in the mining industry, focusing primarily on cobalt exploration and production. Their market focus includes the development of cobalt resources to support the growing demand for cobalt, particularly in battery manufacturing and other high-tech sectors.

YTD Price Performance: 14.00%

Average Trading Volume: 56,934

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $21.48M

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