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Cauldron Energy Director Reshapes Holding Through Option Conversion and Sale

Story Highlights
  • Cauldron Energy director Ian Mulholland converted over 3.6 million listed options into fully paid ordinary shares.
  • He also sold about 2.5 million listed options, increasing his shareholding to nearly 16.8 million shares overall.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cauldron Energy Director Reshapes Holding Through Option Conversion and Sale

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Cauldron Energy ( (AU:CXU) ) has issued an update.

Cauldron Energy has disclosed a change in the holdings of director Ian Robert Mulholland, who has converted 3,654,761 listed options into fully paid ordinary shares and sold a further 2,547,500 listed options. Following these transactions, Mulholland’s interest has increased to 16,839,948 fully paid ordinary shares while his listed options position has been reduced, leaving him with 10,000,000 performance shares and no reported change in contractual interests, with the trades conducted outside a closed period.

The most recent analyst rating on (AU:CXU) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Cauldron Energy stock, see the AU:CXU Stock Forecast page.

More about Cauldron Energy

Cauldron Energy Limited is an Australia-listed resources company focused on energy and mineral projects, with its shares and listed options traded on the ASX. The company operates in the exploration and development segment of the energy and resources industry, and its capital structure includes fully paid ordinary shares, listed options and performance shares held by directors and other stakeholders.

YTD Price Performance: 81.82%

Average Trading Volume: 4,139,001

Technical Sentiment Signal: Hold

Current Market Cap: A$36.42M

For an in-depth examination of CXU stock, go to TipRanks’ Overview page.

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