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29metals Ltd. ( (AU:29M) ) just unveiled an announcement.
29Metals has disclosed a change in the indirect shareholding of non-executive director Nick Cernotta, who holds his interest via MJBJ (WA) Pty Ltd, where he is the sole director. The filing reports that Cernotta’s entity acquired additional fully paid ordinary shares in an on-market purchase, increasing his total indirect holding in the company.
According to the notice, MJBJ (WA) Pty Ltd purchased 29,791 shares at $0.335 each on 31 March 2026, lifting Cernotta’s indirect stake from 579,123 to 608,914 shares. The transaction, conducted outside a closed trading period, signals a modest vote of confidence from the director in 29Metals’ prospects and slightly deepens board-level alignment with shareholders through increased equity exposure.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.33 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 Australia-based resources company listed on the ASX, focused on the exploration and production of base metals. The company’s primary output is copper and related mineral products, supplying industrial and infrastructure demand in domestic and international markets within the broader mining sector.
Average Trading Volume: 9,289,362
Technical Sentiment Signal: Sell
Current Market Cap: A$602.8M
Learn more about 29M stock on TipRanks’ Stock Analysis page.