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Astral Resources Increases Stake in Maximus Resources

Story Highlights
  • Astral Resources NL increased its voting power in Maximus Resources from 63.90% to 68.09%.
  • The change in ownership may impact Maximus’s strategic direction and market operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Maximus Resources Limited ( (AU:MXR) ) has provided an update.

Maximus Resources Limited has experienced a change in substantial holding by Astral Resources NL and its subsidiaries. Astral has increased its voting power in Maximus from 63.90% to 68.09% through an off-market takeover bid, acquiring additional shares in Maximus. This change in ownership could potentially impact Maximus’s strategic direction and influence its market operations, as Astral now holds a more significant stake in the company.

More about Maximus Resources Limited

YTD Price Performance: -3.33%

Average Trading Volume: 20,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €16.2M

See more insights into MXR stock on TipRanks’ Stock Analysis page.

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