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Cobre Limited ( (AU:CBE) ) has shared an update.
Cobre Limited has issued 12,307,693 ordinary shares at $0.065 per share as part of the second tranche of a capital raising effort announced in November 2024. This move is part of the company’s strategy to strengthen its financial position, with compliance to relevant provisions of the Corporations Act, and signifies a step towards enhancing its market presence and operational capabilities.
More about Cobre Limited
Cobre Limited is a company listed on the Australian Securities Exchange (ASX: CBE), operating in the mining industry with a focus on capital raising and share issuance.
YTD Price Performance: 8.00%
Average Trading Volume: 574,288
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$23.08M
For an in-depth examination of CBE stock, go to TipRanks’ Stock Analysis page.