Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Dreadnought Resources Limited ( (AU:DRE) ) has provided an announcement.
Dreadnought Resources Limited has become a substantial holder in Catalina Resources Ltd, acquiring 72,500,000 ordinary shares, which accounts for a 5.51% voting power. This acquisition, part of the consideration for the Yeriligee & Evanston Greenstone Belt Projects, is a significant strategic move, potentially enhancing Dreadnought’s operational capabilities and market influence in the mining sector.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates within the resources industry, focusing on mining and exploration projects. It is involved in acquiring and developing mineral resources, such as gold and other valuable commodities, to strengthen its market presence.
YTD Price Performance: 10.0%
Average Trading Volume: 3,294,119
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.45M
For an in-depth examination of DRE stock, go to TipRanks’ Stock Analysis page.
