tiprankstipranks

Astral Resources Increases Stake in Maximus Resources

Story Highlights
  • Astral Resources NL increased its voting power in Maximus Resources from 61.94% to 63.90%.
  • The acquisition was part of an off-market takeover bid, indicating Astral’s strategic consolidation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An update from Maximus Resources Limited ( (AU:MXR) ) is now available.

Maximus Resources Limited has experienced a change in substantial holding as Astral Resources NL, along with its subsidiaries, increased its voting power from 61.94% to 63.90% through an off-market takeover bid. This acquisition, involving the exchange of shares, indicates Astral’s strategic move to consolidate its influence over Maximus, potentially impacting the company’s future operations and stakeholder interests.

More about Maximus Resources Limited

YTD Price Performance: 3.33%

Average Trading Volume: 20,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €16.75M

For an in-depth examination of MXR stock, go to 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