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International Graphite Announces Change in Substantial Shareholder

Story Highlights
  • Comet Resources Limited is no longer a substantial holder in International Graphite.
  • An off-market sale of 27,500,000 shares for $1,375,000 marks a strategic ownership shift.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
International Graphite Announces Change in Substantial Shareholder

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International Graphite Limited ( (AU:IG6) ) just unveiled an update.

International Graphite Limited has announced a significant change in its shareholder structure, as Comet Resources Limited has ceased to be a substantial holder in the company. This change was facilitated through an off-market sale of 27,500,000 voting securities for a consideration of $1,375,000. The transaction reflects a strategic shift in the company’s ownership, potentially impacting its future operations and stakeholder relationships.

More about International Graphite Limited

Average Trading Volume: 293,536

Technical Sentiment Signal: Buy

Current Market Cap: A$14.32M

For a thorough assessment of IG6 stock, go to TipRanks’ Stock Analysis page.

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