The latest update is out from Fenix Resources Limited ( (AU:FEX) ).
Fenix Resources Limited has increased its stake in CZR Resources Ltd from 13.89% to 14.97% through an off-market takeover bid. This acquisition, involving the exchange of 0.85 Fenix shares for every 1 CZR share, strengthens Fenix’s position in the market and indicates its strategic interest in expanding its influence within the mining sector.
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 known for its operations in Western Australia, where it targets high-grade iron ore deposits to supply global markets.
YTD Price Performance: -9.33%
Average Trading Volume: 3,066
Technical Sentiment Signal: Hold
Current Market Cap: €110.8M
See more data about FEX stock on TipRanks’ Stock Analysis page.