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New World Resources Limited ( (AU:NWC) ) has shared an announcement.
Kinterra Capital GP Corp. II, acting as the general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, has become a substantial holder in New World Resources Limited. This development marks a significant investment move, with Kinterra Capital acquiring an 11.99% voting power through 428,466,143 fully paid ordinary shares, potentially impacting the company’s strategic direction and stakeholder interests.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
Average Trading Volume: 17,987,330
Technical Sentiment Signal: Buy
Current Market Cap: A$178.7M
For detailed information about NWC stock, go to TipRanks’ Stock Analysis page.