Larvotto Resources Limited ( (AU:LRV) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Larvotto Resources Limited’s stock price is on the rise following a non-binding indicative offer from United States Antimony Corporation (USAC) to acquire the remaining shares. The proposal suggests an exchange ratio of 6 USAC shares for every 100 Larvotto shares, valuing each Larvotto share at A$1.40. This offer comes after USAC’s recent acquisition of a 10% stake in Larvotto. The company’s ongoing projects and the expertise of its board in exploration and finance are being emphasized in light of this acquisition interest.
More about Larvotto Resources Limited
YTD Price Performance: 150.51%
Average Trading Volume: 6,013,300
Technical Sentiment Signal: Buy
Current Market Cap: A$640.3M
For further insights into LRV stock on TipRanks’ Stock Analysis page.
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