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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an update.
Venus Metals Corporation Limited is addressing a takeover bid from QGold Pty Ltd, which has offered to purchase all remaining shares at $0.17 each. However, QGold’s recent on-market purchase of Venus shares at prices above the offer may violate market integrity rules and contradicts their stated intentions. Venus is seeking clarification and advises shareholders to await the Target’s Statement before taking any action.
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
Venus Metals Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker VMC.
Average Trading Volume: 526,211
Technical Sentiment Signal: Buy
Current Market Cap: A$38.25M
Learn more about VMC stock on TipRanks’ Stock Analysis page.