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29metals Ltd. ( (AU:29M) ) has issued an update.
29Metals director Nick Cernotta has increased his indirect shareholding in the company through an on-market purchase by MJBJ (WA) Pty Ltd, where he is the sole director. He acquired 54,261 fully paid ordinary shares at $0.33 each on 31 March 2026, lifting his total indirect holding to 579,123 shares, signaling additional personal financial commitment to the company without any related changes in contractual interests.
The transaction was conducted outside any closed trading period and did not involve the disposal of shares or changes to derivative or contractual positions. The move may be interpreted by the market as a vote of confidence in 29Metals’ prospects, though it does not in itself alter the company’s operational profile or capital structure.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.50 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 resources company focused on the mining and production of base metals. Its primary business involves the exploration, development, and operation of metal assets, with its shares listed and traded on the ASX, providing investors exposure to the base metals sector.
Average Trading Volume: 9,382,643
Technical Sentiment Signal: Sell
Current Market Cap: A$594.1M
For a thorough assessment of 29M stock, go to TipRanks’ Stock Analysis page.