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Gold Road Resources Ltd Faces Suspension Amid Acquisition

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Gold Road Resources Ltd Faces Suspension Amid Acquisition

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The latest announcement is out from Gold Road Resources Ltd ( (AU:GOR) ).

Gold Road Resources Ltd has announced that its securities will be suspended from quotation following the approval of a scheme of arrangement by the Supreme Court of Western Australia. This arrangement involves Gruyere Holdings Pty Ltd acquiring all issued shares of Gold Road Resources, marking a significant change in the company’s ownership structure.

The most recent analyst rating on (AU:GOR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.

More about Gold Road Resources Ltd

Gold Road Resources Ltd is a company operating in the mining industry, primarily focused on the exploration and development of gold projects. The company is known for its involvement in the Gruyere Gold Project, which is a significant part of its operations.

Average Trading Volume: 6,593,742

Technical Sentiment Signal: Buy

Current Market Cap: A$3.78B

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

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