Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Northern Minerals Limited ( (AU:NTU) ) has provided an announcement.
Northern Minerals Limited has highlighted a Federal Court of Australia decision ordering a total of $14 million in penalties against Indian Ocean International Shipping and Service Company Ltd and its sole director, Ms Jing Tian, for breaching orders under the Foreign Acquisitions and Takeovers Act in relation to disposals of shares in Northern Minerals. Although not a party to the proceedings, Northern Minerals’ 2023 referral of shareholder-related concerns to the Foreign Investment Review Board triggered the regulatory action, underscoring the company’s proactive stance on transparency, foreign investment compliance and protection of its shareholder base, while it continues to cooperate with authorities on separate, ongoing FIRB considerations concerning potential breaches of foreign investment and disposal orders.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.
More about Northern Minerals Limited
Northern Minerals Limited is an Australian company focused on the exploration and development of heavy rare earths, anchored by its globally significant Browns Range project in Western Australia. The company targets safe and responsible production of critical minerals used in advanced technologies, operating within ASX listing governance frameworks and emphasising regulatory compliance and protection of shareholder interests.
Average Trading Volume: 32,989,811
Technical Sentiment Signal: Sell
Current Market Cap: A$286.3M
Find detailed analytics on NTU stock on TipRanks’ Stock Analysis page.