UBS Group AG Acquires Substantial Stake in Spartan Resources

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Gascoyne Resources Limited ( (AU:SPR) ) just unveiled an update.

UBS Group AG and its related bodies corporate have become a substantial holder in Spartan Resources Limited, acquiring a 5.56% voting power through various branches and asset management entities. This acquisition indicates UBS’s strategic interest in Spartan Resources, potentially impacting the company’s market dynamics and signaling a shift in shareholder influence.

The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.

More about Gascoyne Resources Limited

Average Trading Volume: 5,932,964

Technical Sentiment Signal: Buy

Current Market Cap: A$2.43B

For a thorough assessment of SPR stock, go to TipRanks’ Stock Analysis page.

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