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Amplitude Energy ( (AU:AEL) ) just unveiled an update.
Amplitude Energy Limited has disclosed that Vanguard Group, including its controlled entities such as Vanguard Investments Australia, has reduced its holding in the company to just under the substantial shareholder threshold. Vanguard now controls 4.997% of Amplitude Energy’s voting power, meaning it is no longer classified as a substantial holder under Australian corporate law, a move that may slightly reduce institutional influence over the company’s shareholder register but does not indicate any change in control or disclosed new associations.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
More about Amplitude Energy
YTD Price Performance: 7.19%
Average Trading Volume: 655,539
Technical Sentiment Signal: Buy
Current Market Cap: A$938.6M
For an in-depth examination of AEL stock, go to TipRanks’ Overview page.