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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an announcement.
Venus Metals Corporation Limited is facing an on-market takeover bid by QGold Pty Ltd, which is offering $0.17 per share for all Venus shares not already owned or controlled by QGold. The directors of Venus Metals unanimously recommend rejecting this offer, advising shareholders to take no action. This recommendation is crucial as it may impact the company’s control and future strategic direction.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Venus Metals Corporation Limited stock, see the AU:VMC Stock Forecast page.
More about Venus Metals Corporation Limited
Average Trading Volume: 565,851
Technical Sentiment Signal: Buy
Current Market Cap: A$39.52M
Learn more about VMC stock on TipRanks’ Stock Analysis page.