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IGO ( (AU:IGO) ) just unveiled an announcement.
Schroder Investment Management Australia Ltd has become a substantial holder in IGO Ltd, acquiring a 5.97% voting power through its related bodies corporate. This acquisition reflects a significant investment in IGO Ltd, potentially influencing its strategic direction and market perception, as Schroder’s involvement may bring additional expertise and resources to the company.
More about IGO
IGO Ltd operates in the mining industry, focusing on the exploration and production of mineral resources. The company is known for its involvement in the extraction of nickel, copper, and cobalt, which are essential components in the production of batteries and other technologies.
YTD Price Performance: -17.58%
Average Trading Volume: 902
Technical Sentiment Signal: Buy
Current Market Cap: $2.01B
See more insights into IGO stock on TipRanks’ Stock Analysis page.