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TerraCom Limited ( (AU:TER) ) has provided an update.
TerraCom Limited has announced a significant change in its shareholder structure as Bonython Coal No 1 Pty Ltd has ceased to be a substantial holder in the company. This change involved the market sale of 70,320,000 ordinary shares for a total consideration of $5,627,520. The adjustment in shareholding may impact TerraCom’s market dynamics and stakeholder relationships, as it reflects a shift in the company’s ownership landscape.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
More about TerraCom Limited
Average Trading Volume: 4,028,259
Technical Sentiment Signal: Sell
Current Market Cap: A$68.88M
For a thorough assessment of TER stock, go to TipRanks’ Stock Analysis page.