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Eastern Metals Limited ( (AU:EMS) ) has provided an announcement.
Eastern Metals Limited has announced that long-time substantial shareholders Robert and Pamela Duffin, through their controlled entities REC Investment Management and Irrawaddy Investments, have ceased to be substantial holders in the company. Their relevant interests fell below the substantial holding threshold following a 1-for-2 share consolidation and subsequent share issues that diluted their holdings, with no consideration paid for the change. The move reflects a shift in the company’s shareholder register and may signal a broader redistribution of ownership as Eastern Metals restructures its capital base to support its ongoing exploration and development activities.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
More about Eastern Metals Limited
Eastern Metals Limited is an Australian-listed resources company engaged in mineral exploration and development. The company focuses on identifying and advancing base and precious metal projects, targeting opportunities within Australia’s mining sector.
Technical Sentiment Signal: Sell
See more data about EMS stock on TipRanks’ Stock Analysis page.