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Metals X Limited ( (AU:MLX) ) just unveiled an announcement.
Metals X Limited has announced a voluntary cash partial offer to acquire up to 382,480,000 shares of Greentech Technology International Limited, representing 28% of Greentech’s issued share capital. The Independent Board Committee of Greentech has deemed the offer fair and reasonable, recommending that qualifying shareholders accept the offer. This move is significant for Metals X as it could enhance its market position and influence in the metals sector, while also providing potential value to Greentech’s shareholders.
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
Metals X Limited is a company operating in the mining industry, primarily focused on the extraction and production of metals. It is listed on the Australian Securities Exchange (ASX) under the code MLX.
Average Trading Volume: 3,744,546
Technical Sentiment Signal: Buy
Current Market Cap: A$483.1M
Learn more about MLX stock on TipRanks’ Stock Analysis page.