tiprankstipranks
Advertisement
Advertisement

Enuo Resources Acquires Substantial Stake in Australasian Metals

Story Highlights
Enuo Resources Acquires Substantial Stake in Australasian Metals

Elevate Your Investing Strategy:

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 & DisclosureReport 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
1