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New World Resources Limited ( (AU:NWC) ) just unveiled an update.
Central Asia Metals Plc (CAML) has launched an off-market takeover bid for New World Resources Limited (NWC), offering a cash price of A$0.065 per NWC share. The directors of NWC have unanimously recommended the offer, indicating their intention to accept it for their own holdings, unless a superior proposal emerges. This move signifies a strategic acquisition by CAML, potentially enhancing its market position and operational capabilities, while providing NWC shareholders with a liquidity event.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 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
Average Trading Volume: 27,535,066
Technical Sentiment Signal: Buy
Current Market Cap: A$239.5M
See more data about NWC stock on TipRanks’ Stock Analysis page.