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Mitsubishi UFJ Financial Group Ceases Substantial Holding in West African Resources

Story Highlights
  • Mitsubishi UFJ Financial Group, Inc. is no longer a substantial holder in West African Resources Ltd.
  • The change results from securities transactions by First Sentier Investors and Morgan Stanley.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest update is out from West African Resources Ltd ( (AU:WAF) ).

West African Resources Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is a result of various transactions involving the purchase and sale of securities by entities controlled by First Sentier Investors Holdings Pty Ltd and Morgan Stanley, reflecting a shift in the company’s shareholder structure.

More about West African Resources Ltd

YTD Price Performance: 61.08%

Average Trading Volume: 13,528

Technical Sentiment Signal: Sell

Current Market Cap: $1.76B

For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.

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