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The latest update is out from Ramelius Resources Limited ( (AU:RMS) ).
Ramelius Resources Limited has announced a proposed acquisition of Spartan Resources Limited through a scheme of arrangement or a conditional off-market takeover offer. The Australian Securities and Investments Commission (ASIC) has granted Ramelius an extension of 31 days to make offers under the takeover offer, allowing additional time for the preparation of the transaction booklet. This acquisition aims to consolidate Ramelius’s position in the mining sector, potentially impacting its operations and market presence.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Ramelius Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and production of gold. The company is listed on the Australian Securities Exchange (ASX) under the ticker RMS and is involved in various mining projects across Australia.
Average Trading Volume: 9,080,242
Technical Sentiment Signal: Buy
Current Market Cap: A$3.33B
For detailed information about RMS stock, go to TipRanks’ Stock Analysis page.