Previous Close | 2.1500 |
Open | 2.1900 |
Bid | 2.1800 x 1930900 |
Ask | 2.2100 x 1775900 |
Day's Range | 2.1600 - 2.2200 |
52 Week Range | 1.3350 - 2.7700 |
Volume | |
Avg. Volume | 4,395,015 |
Market Cap | 1.042B |
Beta (5Y Monthly) | 0.65 |
PE Ratio (TTM) | 15.71 |
EPS (TTM) | 0.1400 |
Earnings Date | Feb 28, 2024 |
Forward Dividend & Yield | 0.01 (0.45%) |
Ex-Dividend Date | Mar 28, 2024 |
1y Target Est | 2.77 |
Westgold Resources (ASX:WGX) has had a great run on the share market with its stock up by a significant 16% over the...
Australia's Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia. The deal will propel the combined group to become a mid-tier gold miner producing around 400,000 troy ounces of gold a year in the state and with a market capitalisation of around A$2.2 billion. Karora shareholders will receive 2.524 Westgold shares, with A$0.68 in cash and 0.30 of a share in a new company to be spun off from Karora, which will include its shareholding in lithium explorer Kali Metals and a 1% lithium royalty on certain mining interests.
Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora") and Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) ("Westgold") have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora ("Karora Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act ("CBCA") ("Transaction").