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Venus Metals Corporation Limited ( (AU:VMC) ) just unveiled an update.
QGold Pty Ltd has announced an on-market takeover bid for Venus Metals Corporation Limited, offering $0.17 cash per share for all fully paid ordinary shares not already owned by QGold or its associates. This move could significantly impact Venus Metals’ market positioning, as the acquisition aims to consolidate QGold’s stake in the company, potentially influencing shareholder dynamics and future strategic directions.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Venus Metals Corporation Limited stock, see the AU:VMC Stock Forecast page.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of gold, base metals, and other valuable minerals, targeting markets with high demand for these commodities.
Average Trading Volume: 458,746
Technical Sentiment Signal: Buy
Current Market Cap: A$37.26M
Learn more about VMC stock on TipRanks’ Stock Analysis page.