tiprankstipranks
Trending News
More News >

W and E Maas Holdings Increases Stake in Native Mineral Resources

Story Highlights
  • W and E Maas Holdings increased its voting power in Native Mineral Resources to 19.25%.
  • The increase resulted from acquiring 56,666,700 shares at $0.04 each, impacting company operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
W and E Maas Holdings Increases Stake in Native Mineral Resources

Confident Investing Starts Here:

Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an update.

Native Mineral Resources Holdings Limited has experienced a change in the interests of its substantial holder, W and E Maas Holdings Pty Ltd. The company’s voting power increased from 13.71% to 19.25% due to the final installment of the Maas Placement, which involved the acquisition of 56,666,700 shares at $0.04 per share. This change in shareholding could potentially impact the company’s operations and influence its strategic decisions, reflecting a stronger position for W and E Maas Holdings Pty Ltd within the company.

More about Native Mineral Resources Holdings Ltd.

YTD Price Performance: 287.50%

Average Trading Volume: 2,208,590

Technical Sentiment Signal: Sell

Current Market Cap: A$136.9M

Learn more about NMR stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1