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An announcement from Orion Minerals Limited ( (AU:ORN) ) is now available.
Orion Minerals Limited has disclosed that Fairtree Asset Management (Pty) Ltd and its clients have ceased to be substantial shareholders in the company. The change follows the sale of 14,041,070 ordinary shares in Orion Minerals for consideration of ZAR8,023,285.52.
The notice, lodged under Australian substantial holder disclosure rules, confirms that Fairtree and its clients no longer hold a reportable substantial position in Orion Minerals. This reduction in institutional ownership may slightly alter the company’s shareholder base composition but does not directly affect its underlying operations or projects.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
More about Orion Minerals Limited
Orion Minerals Limited is an Australia-listed resources company focused on mineral exploration and development. The company is involved in identifying, acquiring, and advancing mineral assets, with its shares held by a range of institutional and private investors in the Australian market.
Average Trading Volume: 2,072,863
Technical Sentiment Signal: Buy
Current Market Cap: A$309.5M
See more data about ORN stock on TipRanks’ Stock Analysis page.