Hot Stocks News: Extract Resources (EXT)|ASX EXT SharesExtract Resources (ASX:EXT) explores, evaluates, develops and produces uranium as a source of fuel conversion for nuclear power.

The group was the subject of takeover speculation today after news reports suggested China Guangdong Nuclear Power is tabling an offer for Kalahari Minerals.

Kalahari is the majority shareholder of EXT, with an ownership stake of 43%.

Australian takeover law stipulates the Chinese company must make a full offer for EXT if it acquires Kalahari.

EXT has been one of the day’s hot stocks on the back of the rumours, and it is so far one of the best performers in the Australian share market.

Receive FREE Trading Recommendations for the next 7 Days, Click Here!


   Written by: admin   Other posts from: admin
7 day free trial
 



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed