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Brightstar Resources Limited ( (AU:BTR) ) has provided an announcement.
Brightstar Resources Limited, an Australian company, is set to acquire Aurumin Limited through a scheme of arrangement, where Aurumin’s shares and options will be exchanged for Brightstar shares and options. This acquisition, now legally effective, will result in Aurumin’s shares being suspended from trading and its removal from the ASX, thereby consolidating Brightstar’s position in the market.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
More about Brightstar Resources Limited
Average Trading Volume: 4,176,039
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$260.7M
Learn more about BTR stock on TipRanks’ Stock Analysis page.