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Big River Industries Ltd. ( (AU:BRI) ) has issued an announcement.
Big River Industries has disclosed a change in the holdings of director John Lorente, who has increased his stake in the company through participation in a renounceable entitlement offer. Lorente acquired 19,882 fully paid ordinary shares in his own name and a further 3,137 shares via the Lorente Family Super Fund at $1.37 per share, taking his direct holding to 251,828 shares and his indirect superannuation holding to 39,725 shares, while his 704,037 performance rights remain unchanged; the move signals continued alignment of the director’s interests with shareholders as the company proceeds with its capital-raising initiative.
The most recent analyst rating on (AU:BRI) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Big River Industries Ltd. stock, see the AU:BRI Stock Forecast page.
More about Big River Industries Ltd.
Big River Industries Limited (ASX: BRI) is an Australian-listed company; while this notice does not detail its operations, it is part of the listed industrials space and subject to ASX disclosure rules governing directors’ securities holdings and changes in substantial interests.
Average Trading Volume: 56,650
Technical Sentiment Signal: Sell
Current Market Cap: A$129.4M
See more insights into BRI stock on TipRanks’ Stock Analysis page.