Mineral Resources Limited (ASX: MIN) shares rose 2.8% to $37.72, recovering slightly after a nearly 10% drop on Monday to $36.70. The decline followed news that founder and billionaire Chris Ellison plans to step down within the next 18 months, amid allegations he utilized company resources for personal use. The board’s findings have raised governance concerns, impacting investor confidence. However, the recent share bounce reflects cautious optimism about the company’s future leadership and potential for strategic realignment under new management. As of this update, Mineral Resources stock shows a 3.05% recovery.
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