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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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