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De Grey Mining Ltd Announces New Substantial Shareholder

Story Highlights
  • State Street Corporation becomes a substantial holder in De Grey Mining Ltd.
  • This ownership change may affect De Grey Mining’s strategic decisions and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
De Grey Mining Ltd Announces New Substantial Shareholder

De Grey Mining Ltd ( (AU:DEG) ) just unveiled an announcement.

De Grey Mining Ltd has announced a significant change in its shareholder structure, with State Street Corporation and its subsidiaries becoming substantial holders. This development indicates a shift in the company’s ownership dynamics, potentially impacting its strategic decisions and market positioning. Stakeholders, including investors and market analysts, may need to reassess their perspectives on De Grey Mining’s future prospects and governance.

More about De Grey Mining Ltd

YTD Price Performance: 10.0%

Average Trading Volume: 48,677

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.93B

See more insights into DEG stock on TipRanks’ Stock Analysis page.

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