An update from Cape Range Ltd. ( (AU:CAG) ) is now available.
Cape Range Ltd, listed on the ASX under the ticker CAG, has decided to cancel its previously announced pro rata rights issue due to a lack of support from its major shareholder, iFree Group (International) Ltd, amid current market instability. The board plans to potentially relaunch the offer in three months, contingent on market conditions, as there is no urgent need for funds and to ensure the best interests of all shareholders are served.
More about Cape Range Ltd.
YTD Price Performance: -5.00%
Average Trading Volume: 16,473
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$18.03M
See more data about CAG stock on TipRanks’ Stock Analysis page.