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Turner Group Increases Stake in Black Rock Mining Limited

Story Highlights
  • Turner Group increased its voting power in Black Rock Mining Limited from 5.37% to 6.43%.
  • The increased stake suggests stronger influence on Black Rock Mining’s strategic direction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Turner Group Increases Stake in Black Rock Mining Limited

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The latest update is out from Black Rock Mining Limited ( (AU:BKT) ).

Black Rock Mining Limited has announced a change in the interests of a substantial holder, Turner Group, which has increased its voting power from 5.37% to 6.43%. This change is due to on-market purchases of shares by Turner Mud Guards PTY LTD, a subsidiary of Turner Group. The increase in voting power suggests a stronger influence of Turner Group on Black Rock Mining Limited’s decision-making processes, potentially impacting the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (AU:BKT) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Black Rock Mining Limited stock, see the AU:BKT Stock Forecast page.

More about Black Rock Mining Limited

Average Trading Volume: 2,351,542

Technical Sentiment Signal: Sell

Current Market Cap: A$35.27M

For an in-depth examination of BKT stock, go to TipRanks’ Stock Analysis page.

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