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An update from King River Resources Limited ( (AU:KRR) ) is now available.
King River Resources has responded to an ASX price and volume query, stating it is not aware of any undisclosed material information that could explain the recent sharp rise in its share price and trading volumes. The company pointed to its substantial shareholding in Tivan Limited, whose recent share price appreciation has lifted the value of King River’s investment to about $34 million, as a possible contextual factor, and confirmed it continues its Tennant Creek exploration program with results to be released when available, while affirming full compliance with ASX continuous disclosure requirements.
The most recent analyst rating on (AU:KRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on King River Resources Limited stock, see the AU:KRR Stock Forecast page.
More about King River Resources Limited
King River Resources Limited is an ASX-listed exploration company focused on mineral exploration, including its Tennant Creek project in Australia. The company also holds a significant investment stake of 100 million shares in fellow ASX-listed company Tivan Limited, providing additional exposure to the resources sector through this equity holding.
Average Trading Volume: 1,273,171
Technical Sentiment Signal: Sell
Current Market Cap: A$29.27M
See more data about KRR stock on TipRanks’ Stock Analysis page.