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DroneShield Limited ( (AU:DRO) ) has issued an update.
DroneShield Limited has announced that Regal Funds Management Pty Limited and its associates have ceased to be substantial holders in the company. This change involves the sale of a significant number of ordinary securities, impacting the voting interests associated with these shares. The divestment by Regal Funds Management could influence DroneShield’s shareholder structure and potentially affect its market positioning, as substantial holders often play a pivotal role in strategic decisions.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited operates in the defense and security industry, specializing in the development and production of advanced drone detection and mitigation technologies. The company focuses on providing solutions to protect against the threats posed by unmanned aerial vehicles (UAVs) across various sectors, including military, government, and commercial markets.
Average Trading Volume: 15,081,094
Technical Sentiment Signal: Buy
Current Market Cap: A$2.83B
Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.