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The latest announcement is out from Pantoro Gold Limited ( (AU:PNR) ).
Pantoro Gold Limited announced that Tulla Resources Group Pty Ltd, a significant shareholder and associate of Non-Executive Director Mr. Mark Maloney, has sold 25,803,360 shares in the company. This sale follows the retirement of Mr. Kevin Maloney from the board and is part of Tulla Resources’ strategy to return capital to its principals and fund other resource projects. Despite the sale, Tulla Resources maintains a significant 6.11% shareholding in Pantoro Gold and remains committed to the company’s long-term success.
The most recent analyst rating on (AU:PNR) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Pantoro Gold Limited stock, see the AU:PNR Stock Forecast page.
More about Pantoro Gold Limited
Pantoro Gold is a Western Australia-based gold producer focused on maximizing the potential of its fully owned Norseman Gold Project, known for being one of the highest-grade goldfields in Australia. The company is dedicated to long-term growth through operational excellence and strategic exploration within the WA mining sector.
Average Trading Volume: 2,528,095
Technical Sentiment Signal: Buy
Current Market Cap: A$2.12B
See more insights into PNR stock on TipRanks’ Stock Analysis page.