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Arafura Resources ( (AU:ARU) ) has shared an announcement.
Arafura Rare Earths Ltd has announced a change in the director’s interest, with Darryl Alfred Cuzzubbo acquiring an additional 789,473 fully paid ordinary shares, bringing his total to 1,426,973 shares. This acquisition was part of a placement following shareholder approval, indicating a strategic move to strengthen the director’s stake in the company, which may impact the company’s governance and investor confidence.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
More about Arafura Resources
Arafura Rare Earths Ltd operates in the rare earths industry, focusing on the extraction and supply of rare earth elements, which are critical components in various high-tech and green technologies.
Average Trading Volume: 10,327,673
Technical Sentiment Signal: Buy
Current Market Cap: A$552.6M
Learn more about ARU stock on TipRanks’ Stock Analysis page.