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New World Resources Limited ( (AU:NWC) ) just unveiled an announcement.
New World Resources Limited has announced that RCF Opportunities Fund II L.P. has ceased to be a substantial shareholder. This change occurred due to the fund’s dilution by non-participation in a placement and the sale of securities, impacting 256,250,000 ordinary shares, which accounted for 7.17% of the company’s voting power.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
Average Trading Volume: 25,463,709
Technical Sentiment Signal: Buy
Current Market Cap: A$232.3M
For detailed information about NWC stock, go to TipRanks’ Stock Analysis page.