29Metals Director Increases Indirect Shareholding Through On-Market Purchases

29metals Ltd. ( (AU:29M) ) has issued an announcement.

29Metals has disclosed a change in the interests of director Nick Cernotta, who increased his indirect holding in the company via MJBJ (WA) Pty Ltd. The transaction involved on-market purchases of 250,000 fully paid ordinary shares over two days at prices of $0.23 and $0.24 per share.

Following these acquisitions, Cernotta’s total indirect holding rose from 608,914 to 858,914 shares, signaling a higher personal stake in 29Metals. The company noted that the trades did not occur during a closed period, indicating they were executed in the ordinary course without special clearance requirements.

The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.

More about 29metals Ltd.

29Metals Limited is an Australian mining company focused on the exploration and production of base metals, with its primary listing on the ASX. The company’s securities consist of fully paid ordinary shares held by institutional and individual investors, including its directors through associated entities.

Average Trading Volume: 8,005,217

Technical Sentiment Signal: Sell

Current Market Cap: A$419.4M

For detailed information about 29M stock, go to TipRanks’ Stock Analysis page.