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Chinese group buys stake in Latin Resources

Latin Resources shares have rocketed after the company announced China-backed Junefield Holdings had taken a 16.8 per cent stake in the company after executing two agreements worth a combined $52 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
142ndBauxite Resources34%16%
184thLatin Resources25%-37%
299thKibaran Resources3%5%
461stSipa Resources-18%-32%
817thCrusader Resources-78%-44%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/06/18
$0 Issued
23/06/18
$0 Other
20/06/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

172nd↓Kibaran Resources$399k
173rd↓Bauxite Resources$398k
174th↓Latin Resources$381k
175th↓Crusader Resources$367k
176th↑Sipa Resources$365k
512 listed resources companies ranked by revenue.
Source: Morningstar

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