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The latest update is out from Metalicity Limited ( (AU:ARI) ).
Arika Resources Limited has disclosed a change in director Justin Barton’s relevant interests in the company’s securities, following the exercise of unlisted options held indirectly through Coventina Holdings Pty Ltd as trustee for the Coventina Family Trust. Barton converted 333,333 unlisted options, each exercisable at $0.025 and expiring on 19 March 2026, into 333,333 fully paid ordinary shares at $0.025 per option.
After the transaction, Barton’s indirect holding increased to 35,122,371 shares while his previously held 333,333 unlisted options at $0.025 were fully exercised and no longer on issue. He continues to hold significant additional unlisted options across several classes with different exercise prices and maturities, underscoring his ongoing equity exposure and alignment with shareholder interests as a key insider in the company.
The most recent analyst rating on (AU:ARI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.
More about Metalicity Limited
Arika Resources Limited is an Australian-listed company, indicating involvement in the resources sector, though the specific commodities or projects are not detailed in the filing. The company operates under ASX listing rules and maintains disclosure obligations regarding directors’ interests in its securities, reflecting standard governance practices for public resource companies.
YTD Price Performance: -21.21%
Average Trading Volume: 4,297,352
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30M
Learn more about ARI stock on TipRanks’ Stock Analysis page.