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An announcement from TerraCom Limited ( (AU:TER) ) is now available.
TerraCom Limited has disclosed that Gleneagle Securities Nominees Pty Ltd and Bixbite Enterprises Corporation have ceased to be substantial holders in the company following a transfer of beneficial ownership. The transaction involved 160 million fully paid ordinary shares for consideration of $12.8 million, effectively removing this holding from the substantial shareholder register and potentially broadening TerraCom’s shareholder base or altering the influence of former major investors.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
More about TerraCom Limited
TerraCom Limited is an Australian-listed resources company (ACN 143 533 537) operating in the mining and commodities sector. The company’s activities centre on the ownership and development of coal and related resource assets, serving both domestic and export markets.
Average Trading Volume: 4,248,406
Technical Sentiment Signal: Sell
Current Market Cap: A$72.89M
For an in-depth examination of TER stock, go to TipRanks’ Overview page.