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Fenix Resources Increases Stake in CZR Resources

Story Highlights
  • Fenix Resources increased its voting power in CZR Resources from 4.22% to 5.08%.
  • The acquisition is part of Fenix’s strategic move to strengthen its position in CZR Resources.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fenix Resources Increases Stake in CZR Resources

Confident Investing Starts Here:

CZR Resources Ltd ( (AU:CZR) ) has shared an announcement.

CZR Resources Ltd has experienced a change in substantial holding as Fenix Resources Ltd increased its voting power from 4.22% to 5.08% through an off-market takeover bid. This acquisition signifies Fenix’s strategic move to strengthen its position in CZR Resources, potentially impacting the company’s control and stakeholder dynamics.

More about CZR Resources Ltd

YTD Price Performance: 19.05%

Average Trading Volume: 321,401

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$59.18M

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

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