Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Gascoyne Resources Limited ( (AU:SPR) ) just unveiled an update.
Spartan Resources Limited, a company listed on the Australian Securities Exchange, has announced an update regarding its proposed acquisition by Ramelius Resources Limited. This acquisition is structured as a scheme of arrangement, offering Spartan shareholders $0.25 cash and 0.6957 new Ramelius shares per Spartan share. The Supreme Court of Western Australia is set to hold a hearing to approve this scheme, allowing Spartan shareholders the opportunity to appear and voice any opposition. This acquisition is a significant step for Spartan, potentially impacting its market position and shareholder value.
The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.
More about Gascoyne Resources Limited
Average Trading Volume: 5,741,020
Technical Sentiment Signal: Buy
Current Market Cap: A$2.42B
For an in-depth examination of SPR stock, go to TipRanks’ Overview page.