Alto Capital Research has completed an updated research note on...

Alto Capital Research has completed an updated research note on Carbon Conscious Limited, with a price target range of 60c-$1.00.

The report notes that CCF is the ONLY ASX listed company with an existing client option on commercial terms ($190M) likely to come into play on passage of the Australian carbon price legislation.

The reports also notes that CCF is trading at a large discount compared to the only other comparable ASX listed company (CO2 Group), which has a fully diluted market cap in excess of $100M, compared to CCF's fully diluted cap of $21M.

The report will be available on Alto Capital's website early next week.

Disclosure: I am an external investor relations consultant working for Carbon Conscious.