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An announcement from Chrysos Corp. Ltd. ( (AU:C79) ) is now available.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has sold approximately 10.75 million shares in Chrysos Corporation, reducing its stake by half but retaining a significant 9% interest. This move reflects CSIRO’s ongoing support for Chrysos, which has grown into a leading provider of assay solutions in the mining industry since its spin-out in 2016. The sale introduces new investors to Chrysos, positioning the company for its next growth phase.
The most recent analyst rating on (AU:C79) stock is a Buy with a A$9.40 price target. To see the full list of analyst forecasts on Chrysos Corp. Ltd. stock, see the AU:C79 Stock Forecast page.
More about Chrysos Corp. Ltd.
Chrysos Corporation, headquartered in Adelaide, is a company that combines science and software to provide technology solutions for the global mining industry. Its flagship product, PhotonAssay™, offers faster, safer, more accurate, and environmentally-friendly analysis of gold, silver, copper, and other elements.
Average Trading Volume: 299,660
Technical Sentiment Signal: Buy
Current Market Cap: A$936.5M
Find detailed analytics on C79 stock on TipRanks’ Stock Analysis page.