An update from Carbonxt Group Ltd. ( (AU:CG1) ) is now available.
Carbonxt Group Ltd has issued 5,650,000 fully paid ordinary shares to raise funds for additional working capital and to improve cash flow. This strategic move is expected to enhance the company’s operational efficiency and financial stability, potentially strengthening its position in the cleantech industry. The issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has complied with all relevant regulatory requirements.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company specializing in the development and marketing of specialized Activated Carbon products. These products are primarily used for capturing mercury and sulfur emissions in industrial processes that release significant amounts of harmful 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: -27.14%
Average Trading Volume: 207,455
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$21.06M
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