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Alicanto Minerals ( (AU:AQI) ) has issued an update.
Alicanto Minerals has disclosed a change in director Raymond Shorrocks’ indirect interest in the company following the conversion of performance rights into equity. Through Spring Street Holdings Pty Ltd, where he is a director, Shorrocks has converted 5 million Class O performance rights with a nil exercise price into 5 million fully paid ordinary shares, increasing his indirect shareholding to 18,293,093 ordinary shares while his remaining performance rights now comprise various classes expiring between 2028. The transaction, which involved no cash consideration and was not conducted during a closed trading period, modestly increases the director’s equity stake and aligns his interests more closely with shareholders through a higher proportion of ordinary shares relative to performance rights.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
More about Alicanto Minerals
Alicanto Minerals Limited is an Australian-listed exploration company operating in the mining sector. The company is focused on the discovery and development of mineral resources, with its securities traded on the ASX and governed by Australian corporate and listing rules.
Average Trading Volume: 3,440,121
Technical Sentiment Signal: Buy
Current Market Cap: A$185.7M
For an in-depth examination of AQI stock, go to TipRanks’ Overview page.