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The latest update is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources Ltd has announced a change in the director’s interest, with Nicholas Paul Earner acquiring 69,445 ordinary fully paid shares through an on-market purchase. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and aligning with long-term incentive plans.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
More about Alkane Resources Ltd
Alkane Resources Ltd is a mining and exploration company primarily focused on gold and rare earth elements. The company operates in the resources sector, aiming to develop and manage mining projects in Australia.
Average Trading Volume: 1,947,711
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$445.1M
For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.