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New World Resources Limited ( (AU:NWC) ) has issued an update.
Central Asia Metals Plc (CAML) has announced the withdrawal of its takeover offer for New World Resources Limited (NWC) following NWC’s board recommendation to accept a competing offer from Kinterra. CAML has obtained the necessary regulatory consent to withdraw unaccepted offers and intends to accept the Kinterra offer for its NWC shares, marking a shift in its strategic approach.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
YTD Price Performance: 272.22%
Average Trading Volume: 27,252,833
Technical Sentiment Signal: Buy
Current Market Cap: A$239.6M
Find detailed analytics on NWC stock on TipRanks’ Stock Analysis page.