tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alkane Resources Announces Change in Substantial Shareholding

Story Highlights
Alkane Resources Announces Change in Substantial Shareholding

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Alkane Resources Ltd ( (AU:ALK) ) has shared an update.

Alkane Resources Ltd has announced that Chapelgreen Pty Ltd and associated entities have ceased to be substantial holders in the company as of August 5, 2025. This change in substantial holding is due to a dilution effect following Alkane’s merger with Mandalay Resources Corporation, which increased the total number of ordinary shares on issue. This development may impact the company’s shareholder structure and could influence its market positioning and stakeholder interests.

The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.

More about Alkane Resources Ltd

Alkane Resources Ltd is a company operating in the mining industry, primarily focused on the exploration and development of gold and other precious metals. The company is known for its activities in the Australian market, where it engages in mining operations and resource development projects.

Average Trading Volume: 2,021,354

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1B

See more data about ALK stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1