Cygnus Metals Issues Shares and Advances Exploration Programs

The latest update is out from Cygnus Metals Limited ( (AU:CY5) ).

Cygnus Metals Limited has issued 1,600,000 fully paid ordinary shares related to its Sakami Project and Beryl property, following shareholder approvals. The company continues its exploration and drill programs at the Chibougamau Copper-Gold Project in Quebec, awaiting assay results, which will be announced in accordance with disclosure obligations.

The most recent analyst rating on (AU:CY5) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.

More about Cygnus Metals Limited

Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec, Canada, and Western Australia. The company focuses on advancing its Chibougamau Copper-Gold Project in Quebec and has lithium assets in the James Bay district, as well as REE and base metal projects in Western Australia. Cygnus aims to drive resource growth and develop a hub-and-spoke operation model with a centralized processing facility.

Average Trading Volume: 937,289

Technical Sentiment Signal: Sell

Current Market Cap: A$60.43M

For detailed information about CY5 stock, go to TipRanks’ Stock Analysis page.