Carbonxt Group Ltd. ( (AU:CG1) ) has issued an announcement.
Carbonxt Group Limited has issued over 21 million fully paid ordinary shares to raise funds for additional working capital and improved cash flow. This strategic move is expected to bolster the company’s financial position, potentially enhancing its operational capabilities and market competitiveness in the cleantech industry.
More about Carbonxt Group Ltd.
Carbonxt Group Limited is a cleantech company specializing in the development and marketing of activated carbon products. These products are primarily used for capturing mercury and sulfur emissions in industrial processes that release significant air pollutants. The company manufactures powdered activated carbon and activated carbon pellets for industrial air purification, wastewater treatment, and other liquid and gas phase markets. Carbonxt was incorporated in 2001 and listed on the ASX in January 2018.
YTD Price Performance: -25.71%
Average Trading Volume: 202,501
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$20.21M
For a thorough assessment of CG1 stock, go to TipRanks’ Stock Analysis page.