The latest update is out from Maximus Resources Limited ( (AU:MXR) ).
Maximus Resources Limited has experienced a change in substantial holding as Astral Resources NL, along with its subsidiaries, increased its voting power from 84.81% to 88.16%. This change is due to Astral’s off-market takeover bid, which offered one fully paid ordinary share in Astral for every two shares in Maximus, leading to the acquisition of additional shares. This development indicates a strategic move by Astral to consolidate its control over Maximus, potentially impacting the company’s future operations and stakeholder interests.
More about Maximus Resources Limited
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €18.43M
Learn more about MXR stock on TipRanks’ Stock Analysis page.