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The latest update is out from Peak Rare Earths Limited ( (AU:PEK) ).
Peak Rare Earths Limited announced the suspension of its securities from quotation on the ASX following the approval of a scheme of arrangement by the Supreme Court of New South Wales. This scheme allows Shenghe Resources (Singapore) Pte. Ltd. to acquire all issued shares of Peak, marking a significant shift in ownership and potentially impacting the company’s strategic direction and market presence.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the rare earth minerals industry, focusing on the exploration and development of rare earth resources. The company is primarily involved in the production and supply of rare earth elements, which are crucial for various high-tech and green energy applications.
Average Trading Volume: 1,902,069
Technical Sentiment Signal: Buy
Current Market Cap: A$185.1M
See more data about PEK stock on TipRanks’ Stock Analysis page.