Aeris Resources Limited (ASX:AIS) is believed to be contemplating a buyout of Aurelia Metals Limited (ASX:AMI) . DataRoom understands that Aeris is in the process of selecting an investment bank to offer advice about a play for the company. Aurelia appears to be well aware of its appeal to its competitors, and some have even suggested it may be keen to put itself up for sale given that it is perceived to be vastly undervalued, judging by its share price is currently trading.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
0.29 AUD | +5.45% | -13.43% | +100.00% |
May. 01 | Macquarie Downgrades Aeris Resources to Underperform from Neutral, Price Target is AU$0.20 | MT |
Mar. 18 | Aeris Resources Limited(ASX:AIS) dropped from S&P/ASX All Ordinaries Index | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
0.29 AUD | +5.45% | -13.43% | 177M | ||
0.19 AUD | -5.00% | -9.52% | 225M | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+100.00% | 177M | |
-10.57% | 152B | |
-4.33% | 123B | |
+3.58% | 75.13B | |
+11.85% | 49.24B | |
-3.40% | 46.88B | |
+29.81% | 40.52B | |
+125.03% | 35.96B | |
+28.48% | 26.85B | |
+75.96% | 20.54B |
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- Aeris Resources Reportedly Seeks Banker for Buyout of Aurelia Metals