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The latest announcement is out from 29metals Ltd. ( (AU:29M) ).
29Metals Limited has disclosed a change in the indirect shareholding of director Martin Alciaturi, whose interest is held via a personal superannuation fund classified as a closely related party. The disclosure forms part of the company’s continuous reporting obligations to the ASX regarding directors’ notifiable interests.
Alciaturi’s indirect holding increased by 131,203 ordinary shares acquired at $0.40 per share under the company’s retail entitlement offer, taking his total interest to 611,401 shares. The transaction, which did not occur during a closed trading period, signals director participation in the recent capital raising and marginally strengthens alignment between board and shareholder interests.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.44 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 production of base metals, primarily copper, through its portfolio of operations and development projects. The company is listed on the ASX and raises capital from institutional and retail investors to support its activities in the resources sector.
Average Trading Volume: 7,607,068
Technical Sentiment Signal: Hold
Current Market Cap: A$742.6M
Find detailed analytics on 29M stock on TipRanks’ Stock Analysis page.