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Challenger Exploration Limited ( (AU:CEL) ) has issued an update.
Challenger Exploration Limited has announced a change in the director’s interest notice, specifically involving Mr. Eduardo Sergio Elsztain. The changes include the acquisition of 93,475,343 ordinary shares and 46,737,672 unlisted options by Dolphin Real Assets Fund SPC Ltd, where Mr. Elsztain is a director and shareholder. This acquisition was part of a placement approved at the General Meeting of Shareholders, indicating a strategic move to increase holdings and potentially strengthen the company’s financial position.
More about Challenger Exploration Limited
Average Trading Volume: 2,780,438
Technical Sentiment Signal: Buy
Current Market Cap: A$261.2M
For a thorough assessment of CEL stock, go to TipRanks’ Stock Analysis page.