Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Carbonxt Group Ltd. ( (AU:CG1) ) has provided an announcement.
Carbonxt Group Ltd announced the mechanical completion of its Kentucky facility, positioning the company to capitalize on the increasing demand for activated carbon, particularly in the water treatment market. The company raised $1.03 million through a share placement and reduced operating expenses by $1.5 million annually, ensuring positive cash flow. PAC sales increased by 14%, contributing significantly to the company’s revenue, and additional purchase orders and contracts are expected to drive significant growth in the coming quarters.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company focused on developing and manufacturing environmental technologies to meet air and water emission standards and remove pollutants. Primarily operating in the United States, Carbonxt specializes in activated carbon pellets and powdered activated carbon production, with a strong emphasis on research and development to expand its product portfolio for various industrial applications.
YTD Price Performance: -4.29%
Average Trading Volume: 188,591
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$26.03M
Find detailed analytics on CG1 stock on TipRanks’ Stock Analysis page.
