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Iron Road Ltd ( (AU:IRD) ) has provided an update.
Iron Road Ltd announced that Sentient Executive GP II, Limited, a significant long-term investor, has ceased to be a shareholder, reducing its stake from 69.4% to 66.2%. This change is due to Sentient Fund II’s decision to transfer its shareholding to its partners as part of the fund’s closure. The shareholdings of Sentient Executive GP III and IV remain unchanged, maintaining their stakes at 6.2% and 60.0%, respectively. This shift in shareholding structure may impact Iron Road’s investor dynamics and strategic direction.
More about Iron Road Ltd
Iron Road Ltd operates in the mining industry, focusing on the development and exploration of iron ore projects. The company is primarily involved in the production and supply of iron ore, catering to the global steel manufacturing market.
Average Trading Volume: 190,856
Technical Sentiment Signal: Sell
Current Market Cap: A$29M
For an in-depth examination of IRD stock, go to TipRanks’ Stock Analysis page.