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The latest update is out from Orion Minerals Limited ( (AU:ORN) ).
Orion Minerals Limited has announced a change in the substantial holding of its shares by Tembo Capital Mining Fund II LP and Ndovu Capital X B.V. The change was due to the issuance of 191.9 million shares as part of a capital raising effort, which resulted in a dilution of the voting power of these substantial holders from 16.47% to 15.36%. This adjustment in shareholding reflects the company’s ongoing efforts to raise capital and may impact its strategic positioning and influence within the market.
More about Orion Minerals Limited
Average Trading Volume: 1,136,549
Technical Sentiment Signal: Sell
Current Market Cap: A$75.35M
See more data about ORN stock on TipRanks’ Stock Analysis page.