Ardea director Longworth increases stake with on-market share purchase

Ardea Resources ( (AU:ARL) ) just unveiled an announcement.

Ardea Resources has disclosed a change in the interests of director Norman Mathew Longworth, who has increased his holding in the company via an on-market share purchase. Longworth, through his direct and indirect interests including Mat Mining Pty Ltd as trustee for The Longworth Superannuation Fund, acquired 50,000 fully paid ordinary shares for $28,598.

Following the transaction, Longworth’s total holding rose to 1,036,428 fully paid ordinary shares while his existing performance rights across several classes remained unchanged. The company noted that the trade did not occur during a closed period, indicating that no special trading clearance was required under its governance and disclosure obligations.

The most recent analyst rating on (AU:ARL) stock is a Sell with a A$0.58 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.

More about Ardea Resources

Ardea Resources Limited is an Australian-listed resources company operating in the mining sector. The company is involved in the exploration and development of mineral assets, with its securities traded on the ASX and its capital structure including fully paid ordinary shares and various classes of performance rights held by directors and related entities.

Average Trading Volume: 243,970

Technical Sentiment Signal: Buy

Current Market Cap: A$130.4M

For a thorough assessment of ARL stock, go to TipRanks’ Stock Analysis page.