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MetalsTech Completes Major Shareholder Transaction

Story Highlights
  • MetalsTech Limited completed a major transaction involving the sale of over 19 million shares.
  • The transaction resulted in approximately A$8 million in cleared funds, impacting shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MetalsTech Completes Major Shareholder Transaction

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MetalsTech Ltd ( (AU:MTC) ) has issued an announcement.

MetalsTech Limited has completed a significant transaction involving the sale of a substantial number of its securities by a non-associated group of shareholders. The transaction, which involved the sale of over 19 million ordinary shares, was executed through off-market block trades and has resulted in the receipt of cleared funds totaling approximately A$8 million. This development is expected to impact the company’s shareholder structure, with updates to the top 20 shareholders to be lodged with the ASX following the completion of the share transfers.

More about MetalsTech Ltd

MetalsTech Limited is a company operating in the mining industry, primarily focused on advancing the Sturec Gold Mine project. The company is listed on the Australian Securities Exchange (ASX) under the ticker MTC.

Average Trading Volume: 300,031

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$61.09M

Find detailed analytics on MTC stock on TipRanks’ Stock Analysis page.

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