2301 GMT [Dow Jones]--Regis Resources's share price rally has Barrenjoey pondering the possibility that it could pursue M&A. Regis's stock is up around 80% so far this year, giving it significant firepower should it pursue scrip-based deals. "We have been concerned that Regis's short-life business and need to grow through inorganic growth was a key issue, and part of the basis of our underweight rating," analyst Daniel Morgan says. "If Regis can finance inorganic growth through its fully valued scrip, then meaningful value might be created with limited dilution." Regis ended Wednesday at A$4.51. (david.winning@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 19:06 ET (23:06 GMT)
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