Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
MetalsTech Ltd ( (AU:MTC) ) has shared an update.
MetalsTech Limited has disclosed that shareholder Minerva Investment Company, which holds more than 5% of the company, has issued formal notices under the Corporations Act seeking to remove director Candice Stevenson from the board. Minerva has requested that a general meeting be convened for shareholders to vote on a resolution to remove Stevenson as a director, in line with the company’s constitution and applicable legislation.
The board intends to include the proposed resolution at a forthcoming general meeting to be called within the statutory timeframe, and will circulate full meeting details and Minerva’s accompanying member statement to shareholders. The move signals a potential governance shift at MetalsTech, with investors set to weigh in on board composition in a process the company says will follow its continuous disclosure obligations.
The most recent analyst rating on (AU:MTC) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on MetalsTech Ltd stock, see the AU:MTC Stock Forecast page.
More about MetalsTech Ltd
MetalsTech Limited is an Australian-listed resources company focused on metals exploration and development. The company operates within the mining and exploration sector and is listed on the ASX under the ticker MTC.
Average Trading Volume: 202,493
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$79.23M
See more insights into MTC stock on TipRanks’ Stock Analysis page.