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The latest announcement is out from Resource Development Group Limited ( (AU:RDG) ).
Resource Development Group Limited has entered voluntary administration, with McGrathNicol Restructuring appointing administrators to oversee the company’s operations and six subsidiaries. Despite the administration, operations, including the Lucky Bay Garnet Project, will continue as usual, supported by funding from the majority shareholder, Mineral Resources Limited. The company remains suspended on the ASX during this period, with a sale or recapitalization process underway.
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
Resource Development Group Limited operates in the resource development industry, focusing on projects such as the Lucky Bay Garnet Project. The company is involved in various sectors including construction and garnet production, catering to markets that require these resources.
Average Trading Volume: 1,377,693
Technical Sentiment Signal: Sell
Current Market Cap: A$23.61M
For a thorough assessment of RDG stock, go to TipRanks’ Stock Analysis page.