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Longelephant International Trade Becomes Substantial Holder in MC Mining

Story Highlights
  • Longelephant International Trade Limited now holds 8.77% of MC Mining’s voting power.
  • LITL’s acquisition of shares, valued at $7.42 million, impacts MC Mining’s shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Longelephant International Trade Becomes Substantial Holder in MC Mining

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An update from MC Mining Ltd ( (AU:MCM) ) is now available.

MC Mining Limited has announced that Longelephant International Trade Limited (LITL) has become a substantial holder in the company as of March 28, 2025. LITL acquired a relevant interest in 50,162,581 fully paid ordinary shares, representing a voting power of 8.77%. This acquisition, valued at approximately $7.42 million, signifies a significant investment in MC Mining, potentially impacting the company’s shareholder structure and market influence.

More about MC Mining Ltd

Average Trading Volume: 83,676

Technical Sentiment Signal: Buy

Current Market Cap: £33.67M

For an in-depth examination of MCM stock, go to TipRanks’ Stock Analysis page.

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