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QMines Ltd. ( (AU:QML) ) has issued an announcement.
Resources and Energy Group Limited (ASX: REZ) has announced that it has lodged an initial substantial shareholder notice regarding its interest in Qmines Limited (ASX: QML). This follows the issuance of 33,000,000 ordinary shares to REZ as part consideration for the sale of its subsidiary, Mount Mackenzie Mines Limited. This transaction marks a significant development in REZ’s strategic operations, potentially impacting its market position and stakeholder interests.
More about QMines Ltd.
YTD Price Performance: -14.81%
Average Trading Volume: 852,500
Technical Sentiment Signal: Sell
Current Market Cap: A$21.59M
For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.