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An announcement from Resource Development Group Limited ( (AU:RDG) ) is now available.
Resource Development Group Limited has entered voluntary administration, with Mineral Resources Limited, a major shareholder and secured creditor, opting not to provide a requested cash advance to RDG. MinRes is working with administrators to protect its interests and expects to recognize a non-cash impairment expense in its FY25 results.
The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.
More about Resource Development Group Limited
Mineral Resources Limited (MinRes) is a leading diversified resources company operating in lithium, iron ore, energy, and mining services across Western Australia.
Average Trading Volume: 1,377,693
Technical Sentiment Signal: Sell
Current Market Cap: A$23.61M
For detailed information about RDG stock, go to TipRanks’ Stock Analysis page.