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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, altering the 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

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West African Resources Ltd ( (AU:WAF) ) has provided an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Ltd. This change reflects a series of transactions involving the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. The implications of this shift may influence the company’s shareholder structure and market perception.

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

YTD Price Performance: 97.21%

Average Trading Volume: 4,325,282

Technical Sentiment Signal: Buy

Current Market Cap: A$3.23B

See more data about WAF stock on TipRanks’ Stock Analysis page.

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