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AIC Mines Limited ( (AU:A1M) ) has provided an update.
AIC Mines Limited announced a change in the director’s interest, with Josef El-Raghy acquiring an additional 1,000,000 fully paid ordinary shares through a participation in placement, bringing his total to 33,000,000 shares. This acquisition reflects a strategic move to strengthen El-Raghy’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on AIC Mines Limited stock, see the AU:A1M Stock Forecast page.
More about AIC Mines Limited
AIC Mines Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the production of various minerals, contributing to the supply chain of raw materials for industrial and commercial use.
Average Trading Volume: 1,849,806
Technical Sentiment Signal: Sell
Current Market Cap: A$252.4M
For an in-depth examination of A1M stock, go to TipRanks’ Overview page.