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Evolution Mining’s Stake in Emmerson Resources Diluted

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Evolution Mining’s Stake in Emmerson Resources Diluted

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Emmerson Resources Limited ( (AU:ERM) ) has issued an update.

Emmerson Resources Limited announced a change in the substantial holding of Evolution Mining Limited and its related bodies corporate. The voting power held by Evolution has decreased from 10.18% to 7.73% due to the dilution effect from the issuance of ordinary shares by Emmerson, impacting Evolution’s influence within the company.

More about Emmerson Resources Limited

YTD Price Performance: -25.00%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $40.82M

See more insights into ERM stock on TipRanks’ Stock Analysis page.

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