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Lotus Resources Sees Shift in Shareholding as Former Director Sells Stake

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Lotus Resources Sees Shift in Shareholding as Former Director Sells Stake

Confident Investing Starts Here:

An announcement from Lotus Resources Limited ( (AU:LOT) ) is now available.

Lotus Resources Limited announced that former Director Grant Davey has ceased to be a substantial shareholder, with approximately 90 million shares sold to institutional investors. This change in shareholding could impact the company’s market dynamics, as institutional investors, including existing shareholders, now hold a larger stake, potentially influencing future strategic decisions.

More about Lotus Resources Limited

Lotus Resources Limited is a prominent player in the uranium industry, focusing on advanced uranium projects in Africa. The company owns an 85% interest in the Kayelekera Uranium Project in Malawi and 100% of the Letlhakane Uranium Project in Botswana. Lotus is committed to creating value for shareholders and local communities, with a significant mineral resource inventory and a positive restart study indicating viable operations at the Kayelekera site.

YTD Price Performance: -10.0%

Average Trading Volume: 10,965,449

Technical Sentiment Signal: Buy

Current Market Cap: A$425.3M

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

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