Cumulus Wealth Reduces Stake in Noronex Limited
Cumulus Wealth has reduced its stake in Noronex Limited, decreasing its voting power from 10.31% to 8.84% as of January 13, 2025. The number of shares held dropped from 51,160,000 to 44,160,000. This change may impact stakeholder dynamics and reflects potential shifts in investment strategies. Noronex Ltd. has a current market cap of A$7.5M and a year-to-date price performance of 50.0%.
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Noronex Ltd. ( (AU:NRX) ) has issued an update.
Noronex Limited has experienced a change in the substantial holding interest by Cumulus Wealth. As of January 13, 2025, Cumulus Wealth’s voting power in Noronex has decreased from 10.31% to 8.84%, with the number of fully paid ordinary shares dropping from 51,160,000 to 44,160,000. This change may influence the company’s stakeholder dynamics and reflect shifts in investment strategies or market confidence.
More about Noronex Ltd.
YTD Price Performance: 50.0%
Average Trading Volume: 775,022
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$7.5M
Find detailed analytics on NRX stock on TipRanks’ Stock Analysis page.
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