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Connected IO ( (AU:CML) ) has provided an update.
Connected Minerals Limited has applied for quotation on the ASX of 3,183,462 ordinary fully paid shares under code CML, with an issue date of March 19, 2026. The move reflects an expansion of its listed capital base, potentially increasing liquidity for shareholders and supporting the company’s capacity to fund future operational or strategic initiatives.
The newly quoted securities arise in connection with restricted securities whose escrow period has expired or is about to expire, allowing them to transition to fully tradable status on the market. This change may broaden the available free float, enhance trading dynamics in CML shares, and provide additional flexibility for holders of previously escrowed stock.
The most recent analyst rating on (AU:CML) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Connected IO stock, see the AU:CML Stock Forecast page.
More about Connected IO
Connected Minerals Limited operates in the resources sector and is listed on the ASX under the code CML. The company issues ordinary fully paid shares as its primary listed security, providing investors exposure to its mineral-related activities and corporate developments in the Australian market.
Average Trading Volume: 90,669
Technical Sentiment Signal: Buy
Current Market Cap: A$12.24M
For detailed information about CML stock, go to TipRanks’ Stock Analysis page.