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Mitsubishi UFJ Financial Group Ceases Substantial Holding in West African Resources

Story Highlights
  • Mitsubishi UFJ Financial Group no longer holds a substantial stake in West African Resources.
  • Morgan Stanley’s entity purchased significant shares, impacting shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Ceases Substantial Holding in West African Resources

Confident Investing Starts Here:

West African Resources Ltd ( (AU:WAF) ) has issued an announcement.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Limited as of May 19, 2025. The change in substantial holding was due to the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. This development may impact the company’s shareholder structure and influence its market dynamics.

The most recent analyst rating on (AU:WAF) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.

More about West African Resources Ltd

Average Trading Volume: 4,241,189

Technical Sentiment Signal: Buy

Current Market Cap: A$2.61B

See more insights into WAF stock on TipRanks’ Stock Analysis page.

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