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Australian Retirement Trust Acquires Substantial Stake in Imdex Ltd

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Australian Retirement Trust Acquires Substantial Stake in Imdex Ltd

An announcement from Imdex Ltd ( (AU:IMD) ) is now available.

Australian Retirement Trust Pty Ltd has become a substantial holder in Imdex Ltd, a company involved in the mining and exploration industry, by acquiring a 5.186% voting power through fully paid ordinary shares. This acquisition indicates a significant investment by the Australian Retirement Trust, potentially impacting Imdex’s shareholder structure and signaling confidence in the company’s future prospects.

More about Imdex Ltd

YTD Price Performance: 15.52%

Technical Sentiment Signal: Sell

Current Market Cap: $933.3M

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

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