Metro Mining (ASX:MMI) said private equity fund Greenstone Resources sold its entire 14% stake in the company, according to a Monday filing with the Australian bourse.
The decision to sell its stake in the bauxite producer and explorer follows strong interest, Greenstone Resources said in the filing.
Metro Mining's shares fell past 3% in recent Monday trade.
Price (AUD): $0.06, Change: $-0.002, Percent Change: -3.17%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.