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Carnaby Resources Ltd. ( (AU:CNB) ) has provided an update.
Carnaby Resources Ltd. has announced an update regarding its proposed issue of securities, which is contingent upon receiving indicative approval from the Queensland government to transfer certain transaction tenements. This approval is the final condition required before proceeding with the securities issue, which could impact the company’s operational expansion and market positioning within the mining sector.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
More about Carnaby Resources Ltd.
Carnaby Resources Ltd. operates within the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with the acquisition and management of mining tenements, with a market focus on expanding its resource base in Australia.
Average Trading Volume: 647,107
Technical Sentiment Signal: Sell
Current Market Cap: A$76.51M
Learn more about CNB stock on TipRanks’ Stock Analysis page.