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Mitsubishi UFJ Financial Group Ceases Major Holding in Prospect Resources

Story Highlights
  • Mitsubishi UFJ Financial Group is no longer a substantial holder in Prospect Resources.
  • Morgan Stanley’s entity purchase affected 3,100,000 shares, altering shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Ceases Major Holding in Prospect Resources

Confident Investing Starts Here:

Prospect Resources Ltd. ( (AU:PSC) ) has provided an announcement.

Prospect Resources Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding was due to the purchase of securities by an entity controlled by Morgan Stanley, affecting 3,100,000 fully paid ordinary shares. The announcement may impact the company’s shareholder structure and could have implications for its market positioning and stakeholder interests.

More about Prospect Resources Ltd.

YTD Price Performance: 64.84%

Average Trading Volume: 841,010

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$101.1M

For a thorough assessment of PSC stock, go to TipRanks’ Stock Analysis page.

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