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An update from Ardea Resources ( (AU:ARL) ) is now available.
Ardea Resources has disclosed a change in the interests of director Norman Mathew Longworth, who increased his holding in the company through participation in a share purchase plan. Longworth acquired 100,000 fully paid ordinary shares for $60,000, lifting his direct and indirect shareholding to 1,136,428 shares, while his existing performance rights balances remained unchanged.
The additional shares were acquired both in his personal name and via his superannuation fund vehicle, Mat Mining Pty Ltd as trustee for The Longworth Superannuation Fund. The company confirmed there were no related changes to any contracts involving the director’s interests and stated that the trades did not occur during a closed period requiring special clearance.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.54 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 company, but the filing does not provide details on its industry, principal products, or specific market focus. The disclosure instead centres on changes in a director’s holdings in the company’s securities under ASX reporting rules.
Average Trading Volume: 251,873
Technical Sentiment Signal: Sell
Current Market Cap: A$116.1M
Find detailed analytics on ARL stock on TipRanks’ Stock Analysis page.