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Morgan Stanley Ceases Substantial Holding in Prospect Resources

Story Highlights
  • Morgan Stanley and its subsidiaries ceased to be substantial holders in Prospect Resources.
  • The change involved the acquisition of 3,100,000 shares by Morgan Stanley Australia Securities Limited.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Morgan Stanley Ceases Substantial Holding in Prospect Resources

Confident Investing Starts Here:

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

Prospect Resources Ltd. has announced that Morgan Stanley and its subsidiaries have ceased to be substantial holders in the company as of April 22, 2025. This change in shareholding, which involved the acquisition of 3,100,000 ordinary shares by Morgan Stanley Australia Securities Limited on March 18, 2025, could impact the company’s market perception and investor confidence, as substantial holders often play a significant role in influencing company decisions and strategies.

More about Prospect Resources Ltd.

YTD Price Performance: 64.84%

Average Trading Volume: 858,793

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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