Karoon Energy Ltd ( (AU:KAR) ) has provided an update.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited, along with its related entities within the Citi group of companies, has ceased to be a substantial holder in the company as of April 10, 2025. This change in holding is due to a decrease in relevant interest by Citibank, N.A. Sydney Branch and Citigroup Global Markets Australia Pty Limited, primarily through securities lending agreements. The announcement reflects a shift in Citigroup’s investment position in Karoon Energy, which may impact the company’s shareholder composition and market perception.
More about Karoon Energy Ltd
YTD Price Performance: -10.86%
Average Trading Volume: 4,596
Technical Sentiment Signal: Strong Buy
Current Market Cap: $581.1M
See more data about KAR stock on TipRanks’ Stock Analysis page.