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
Cobalt Blue Holdings ( (AU:COB) ) has provided an announcement.
Cobalt Blue Holdings has issued 3,571,429 fully paid ordinary shares to Lind Global Fund III LP under an existing placement agreement, linked to a previously announced A$1 million institutional placement. The shares were issued under the company’s available capacity in ASX Listing Rule 7.1 without a prospectus, accompanied by a cleansing notice confirming compliance with Australian corporate reporting and continuous disclosure obligations, thereby facilitating secondary trading and reinforcing the company’s access to institutional capital.
The most recent analyst rating on (AU:COB) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Cobalt Blue Holdings stock, see the AU:COB Stock Forecast page.
More about Cobalt Blue Holdings
Cobalt Blue Holdings Limited (ASX: COB) is an Australian resources company focused on cobalt, a critical battery mineral used in electric vehicles and energy storage. The company operates within the mining and resources sector and targets institutional and other investors through capital market raisings to support its project and corporate activities.
Average Trading Volume: 3,608,315
Technical Sentiment Signal: Sell
Current Market Cap: A$54.55M
For a thorough assessment of COB stock, go to TipRanks’ Stock Analysis page.