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The latest announcement is out from Vulcan Energy Resources Ltd. ( (AU:VUL) ).
Vulcan Energy Resources Ltd. has announced a change in its substantial holders due to a dilution of shares following an Institutional Entitlement Offer and Placement. Dr. Francis Wedin and Magni Associates Pty Ltd have experienced a reduction in their voting power as a result of the issuance of approximately 178 million new shares. This change reflects a strategic move by Vulcan Energy to potentially raise capital or adjust its shareholder base, impacting the company’s ownership structure and possibly its market strategy.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$10.00 price target. To see the full list of analyst forecasts on Vulcan Energy Resources Ltd. stock, see the AU:VUL Stock Forecast page.
More about Vulcan Energy Resources Ltd.
Average Trading Volume: 2,037,553
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
See more insights into VUL stock on TipRanks’ Stock Analysis page.