Australian miner EQ Resources rises as Fortescue founder Andrew Forrest buys stake
20/07/2026 02:15
BUZZ-Australian miner EQ Resources rises as Fortescue founder Andrew Forrest buys stake ** Shares of EQ Resources EQR.AX rise 27.3% to A$0.28, their largest intraday pct jump since early February 2025
** Stock hits its highest level since July 10
** The tungsten miner says Fortescue FMG.AX founder and Chair Andrew Forrest's investment vehicle, Wonongarra Pty, has agreed to acquire the entire ownership stake in company owned by Oaktree Capital Management
** No transaction details provided yet for the 16.8% stake acquisition
** Stock up 237.4% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
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