tiprankstipranks
Trending News
More News >

Enuo Resources Acquires Substantial Stake in Australasian Metals

Story Highlights
Enuo Resources Acquires Substantial Stake in Australasian Metals

Confident Investing Starts Here:

An announcement from Australasian Metals Limited ( (AU:A8G) ) is now available.

Australasian Metals Limited has announced that Enuo Resources Pte. Ltd. has become a substantial holder in the company as of January 9, 2025. Enuo Resources acquired 5,769,231 ordinary shares, representing a 9.95% voting power in the company, for a consideration of $750,000. This development signifies a notable shift in the ownership structure of Australasian Metals Limited, potentially impacting its operational strategies and market positioning.

More about Australasian Metals Limited

YTD Price Performance: -6.25%

Average Trading Volume: 30,196

Technical Sentiment Consensus Rating: Buy

For detailed information about A8G stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App