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An update from Prospect Resources Ltd. ( (AU:PSC) ) is now available.
Prospect Resources Limited has announced a long equity derivative position notice received from Weiss Asset Management LP, as per the Australian Takeovers Panel’s Guidance Note 20 on Equity Derivatives. This notice involves cash-settled equity swaps related to 74,915,657 securities of Prospect Resources, with a price range from AUD 0.0734 to 0.9950. The announcement may impact the company’s market positioning and stakeholder interests due to the significant number of securities involved.
The most recent analyst rating on (AU:PSC) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Prospect Resources Ltd. stock, see the AU:PSC Stock Forecast page.
More about Prospect Resources Ltd.
Prospect Resources Limited is a company listed on the Australian Securities Exchange (ASX: PSC) and Frankfurt Stock Exchange (FRA: 5E8). The company operates in the resources sector, focusing on the exploration and development of mineral resources.
Average Trading Volume: 801,368
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$115.3M
See more data about PSC stock on TipRanks’ Stock Analysis page.