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An update from Ausmon Resources Limited ( (AU:AOA) ) is now available.
Ausmon Resources Limited has reported a change in director Boris Patkin’s interests following the reversion of 5 million fully paid ordinary shares, previously held indirectly via Snowy Plains Pty Ltd, back to the company as treasury stock. The reversion occurred because a $35,000 loan advanced by the company in December 2020 under an employee incentive plan, used to acquire these shares, was not repaid by the due date, resulting in the cancellation of the director’s indirect holding and potentially enhancing the company’s flexibility in managing its capital and treasury stock for future purposes.
The most recent analyst rating on (AU:AOA) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Ausmon Resources Limited stock, see the AU:AOA Stock Forecast page.
More about Ausmon Resources Limited
Ausmon Resources Limited is an Australian-listed resources company engaged in mineral exploration and development, with its securities traded on the ASX. The company operates in the mining and exploration sector, raising capital through the issuance of fully paid ordinary shares, including restricted shares and treasury stock, to fund its activities and incentive plans for directors and employees.
Current Market Cap: A$4.28M
See more insights into AOA stock on TipRanks’ Stock Analysis page.