Maximus Resources Limited ( (AU:MXR) ) has issued an update.
Maximus Resources Limited has seen a change in the substantial holding of its shares, with Astral Resources NL increasing its voting power from 70.08% to 71.18%. This change is a result of Astral’s off-market takeover bid, where they offered one fully paid ordinary share in Astral for every two shares in Maximus, leading to the acquisition of an additional 4,755,445 shares. This move signifies Astral’s strategic effort to consolidate its control over Maximus Resources, potentially impacting the company’s future operations and market strategy.
More about Maximus Resources Limited
YTD Price Performance: 7.14%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.6M
For detailed information about MXR stock, go to TipRanks’ Stock Analysis page.