The latest update is out from Far East Gold Ltd ( (AU:FEG) ).
Far East Gold Ltd has reported a change in the substantial holding of its shares, with Xingye Gold (Hong Kong) Mining Company Limited increasing its holding from 14.43% to 19.99% through a new share issuance as per a Placement Agreement. This increase in equity stake could potentially strengthen Xingye Gold’s influence in Far East Gold Ltd, while the 12-month restriction on share disposal aligns with the strategic partnership between the two companies.
More about Far East Gold Ltd
YTD Price Performance: -2.78%
Average Trading Volume: 101,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$64.23M
For an in-depth examination of FEG stock, go to TipRanks’ Stock Analysis page.