Karoon Energy Ltd ( (AU:KAR) ) has provided an announcement.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited, along with its related corporate bodies, has become a substantial shareholder in the company as of April 1, 2025. Citigroup now holds a 5.5934% voting power in Karoon Energy, with a significant number of shares held through various entities under securities lending agreements. This development indicates a notable investment interest from a major financial institution, potentially impacting Karoon Energy’s market positioning and signaling confidence in its operations.
More about Karoon Energy Ltd
YTD Price Performance: 18.07%
Average Trading Volume: 4,120
Technical Sentiment Signal: Buy
Current Market Cap: $763.6M
For detailed information about KAR stock, go to TipRanks’ Stock Analysis page.