Hexagon Composites ( (HXGCF) ) has shared an update.
Mitsui & Co., Ltd. has sold 6.0% of its shares in Hexagon Composites ASA, amounting to approximately NOK 315 million, as part of its strategy to balance its investments between Hexagon Composites and Hexagon Purus. Despite this sale, Mitsui remains a strategic partner and has committed to a 180-day lock-up period for its remaining shares, maintaining a significant 15.8% stake in the company.
More about Hexagon Composites
Hexagon Composites ASA operates in the composite materials industry, focusing on the development and production of high-pressure composite cylinders and systems for various applications, including transportation and storage of gases. The company is strategically aligned with Hexagon Purus ASA to maximize synergies in the market.
YTD Price Performance: -33.42%
Average Trading Volume: 2,529
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $530M
See more insights into HXGCF stock on TipRanks’ Stock Analysis page.