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Globe Metals & Mining Discloses New Substantial Shareholder Avocado

Story Highlights
  • Globe Metals & Mining reported that Hong Kong-based Avocado became a substantial shareholder in the company.
  • The disclosure details Avocado’s relevant interest and voting securities, marking a notable change in Globe’s ownership structure for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Globe Metals & Mining Discloses New Substantial Shareholder Avocado

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Globe Metals & Mining Limited ( (AU:GBE) ) just unveiled an update.

Globe Metals & Mining Limited has disclosed a change in substantial shareholding, indicating that an entity named Avocado has become a substantial holder in the company. The filing outlines that Avocado, based in Hong Kong, now holds a significant relevant interest and associated voting securities, with details on consideration, associates, and registration arrangements noted in the statutory disclosure form, signaling a shift in the company’s ownership structure that may be relevant to shareholders monitoring control and influence over the company.

The most recent analyst rating on (AU:GBE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Globe Metals & Mining Limited stock, see the AU:GBE Stock Forecast page.

More about Globe Metals & Mining Limited

Average Trading Volume: 191,533

Technical Sentiment Signal: Sell

Current Market Cap: A$42.21M

See more data about GBE stock on TipRanks’ Stock Analysis page.

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