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Diatreme Resources Limited ( (AU:DRX) ) has issued an update.
Diatreme Resources Limited has completed the sale of its Clermont Gold Project to Moonlight Resources Limited, receiving $3.25 million in Moonlight shares and $250,000 in cash. This transaction makes Diatreme a significant shareholder in Moonlight, with the right to appoint a director to Moonlight’s board, and it aligns with Moonlight’s upcoming IPO and ASX listing.
The most recent analyst rating on (AU:DRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Diatreme Resources Limited stock, see the AU:DRX Stock Forecast page.
More about Diatreme Resources Limited
Diatreme Resources Limited is a developer and explorer specializing in silica sands. The company is involved in the mining industry and focuses on the exploration and development of mineral resources.
Average Trading Volume: 1,114,591
Technical Sentiment Signal: Sell
Current Market Cap: A$90.15M
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.