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Ardea Resources Ltd. ( (AU:ARL) ) has provided an announcement.
Sumitomo Metal Mining Co., Ltd. has become a substantial holder in Ardea Resources Limited, acquiring a 5.10% voting power through the purchase of 10,730,000 ordinary shares. This acquisition, valued at $4,613,900, signifies a strategic investment by Sumitomo Metal Mining, potentially impacting Ardea Resources’ market positioning and stakeholder interests.
More about Ardea Resources Ltd.
YTD Price Performance: 29.55%
Average Trading Volume: 14,374
Technical Sentiment Signal: Sell
Current Market Cap: $56.36M
Learn more about ARL stock on TipRanks’ Stock Analysis page.