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The latest announcement is out from Ausgold Limited ( (AU:AUC) ).
Ausgold director John Andrew Dorward has increased his indirect shareholding in the company through an on-market purchase conducted via Kautag Pty Ltd as trustee for the Dorward Super Fund. The transaction involved acquiring 33,333 fully paid ordinary shares at $0.97 each, lifting that vehicle’s holding from 166,667 to 200,000 shares while leaving his other option and performance-right interests unchanged.
The move modestly boosts Dorward’s overall equity exposure to Ausgold and signals continued alignment of the director’s interests with those of other shareholders. While the scale of the purchase is relatively small in dollar terms, such incremental buying can be read by the market as a vote of confidence in the company’s prospects and capital management, with no associated changes disclosed in his contractual interests.
The most recent analyst rating on (AU:AUC) stock is a Sell with a A$0.80 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited is an Australian listed company operating in the resources sector, with its securities traded on the ASX. The company’s shareholder base includes various entities and trusts associated with its directors, reflecting typical ownership structures for junior and mid-cap mining and exploration firms.
Average Trading Volume: 1,697,447
Technical Sentiment Signal: Hold
Current Market Cap: A$410.9M
Find detailed analytics on AUC stock on TipRanks’ Stock Analysis page.