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An update from Beacon Minerals ( (AU:BCN) ) is now available.
Beacon Minerals has reported a change in the interests of director Graham McGarry, following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry acquired 400,000 ordinary shares at $1.20 per share and disposed of 400,000 listed options, increasing his direct and indirect shareholding while reducing his option position.
After the transaction, McGarry’s relevant interests comprise a larger holding of ordinary shares across his personal name and Lamerton Pty Ltd accounts, and a reduced number of listed options. The move reflects a shift from derivative exposure to direct equity in Beacon Minerals, modestly strengthening the director’s alignment with ordinary shareholders and signaling confidence in the company’s underlying share value.
More about Beacon Minerals
Beacon Minerals Limited is an Australian listed resources company operating in the mining sector. The company is involved in the ownership and development of mineral assets, with its securities, including ordinary fully paid shares and listed options, traded on the ASX as part of the broader resources investment market.
Average Trading Volume: 82,140
Technical Sentiment Signal: Buy
Current Market Cap: A$346.5M
See more insights into BCN stock on TipRanks’ Stock Analysis page.