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An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Limited has increased its voting power in Athena Resources Limited from 28.97% to 37.21% through the conversion of convertible notes and consideration shares. This change, approved by shareholders, enhances Fenix’s influence over Athena, potentially impacting strategic decisions and operations within the company.
The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.
More about Fenix Resources Limited
Fenix Resources Limited operates in the mining industry, focusing primarily on the extraction and processing of iron ore. The company is engaged in the development and production of high-grade iron ore products, catering to the steel manufacturing sector. Fenix Resources is strategically positioned to supply the growing demand for iron ore in both domestic and international markets.
Average Trading Volume: 1,342,763
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$218.6M
Find detailed analytics on FEX stock on TipRanks’ Stock Analysis page.