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The latest update is out from New World Resources Limited ( (AU:NWC) ).
New World Resources Limited has announced a proposed acquisition by Central Asia Metals Plc, involving a Scheme of Arrangement and a parallel Takeover Offer. CAML has purchased 5% of New World’s shares and plans to increase the cash consideration for the acquisition, indicating a strategic move to consolidate its position in the market.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
New World Resources Limited is a company operating in the mining industry, focusing on copper, gold, and zinc projects. Their primary projects include the Antler Copper Project and Javelin VMS Project in Arizona, USA, and the Tererro Copper-Gold-Zinc Project in New Mexico, USA.
Average Trading Volume: 22,788,914
Technical Sentiment Signal: Buy
Current Market Cap: A$185.8M
Find detailed analytics on NWC stock on TipRanks’ Stock Analysis page.