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Metals X Limited ( (AU:MLX) ) just unveiled an announcement.
Metals X Limited has acquired a substantial holding in Elementos Limited, a company involved in the mining sector, by obtaining 58,277,698 fully paid ordinary shares, which equates to a 19.79% voting power. This acquisition was made through a placement agreement, marking a significant strategic move for Metals X, potentially enhancing its influence and positioning within the industry.
The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.
More about Metals X Limited
YTD Price Performance: 27.71%
Average Trading Volume: 5,303,059
Technical Sentiment Signal: Buy
Current Market Cap: A$469.8M
For detailed information about MLX stock, go to TipRanks’ Stock Analysis page.