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Coda Minerals Ltd ( (AU:COD) ) has issued an announcement.
Coda Minerals has disclosed a change in the indirect security holdings of director Christopher Stevens, via his self-managed superannuation fund account controlled through Loutre Investments Pty Ltd. The filing details the purchase of 255,000 listed options in the company, exercisable at $0.15 and expiring on 28 March 2029, executed over two days in March 2026 at prices of $0.05 and $0.06 per option.
The transaction increases Stevens’ economic exposure to Coda Minerals without any concurrent disposals, signalling additional personal commitment to the company’s equity-linked securities. For shareholders and market observers, the move may be interpreted as a vote of confidence from the director in the company’s prospects, while also modestly increasing insider ownership in the listed options class.
The most recent analyst rating on (AU:COD) stock is a Sell with a A$0.12 price target. To see the full list of analyst forecasts on Coda Minerals Ltd stock, see the AU:COD Stock Forecast page.
More about Coda Minerals Ltd
Coda Minerals Ltd is an Australian listed resources company focused on mineral exploration and development. Its securities include fully paid ordinary shares, listed options and performance rights traded on the ASX, reflecting a capital structure typical of junior mining and exploration companies seeking to advance their projects through staged funding.
Average Trading Volume: 970,412
Technical Sentiment Signal: Hold
Current Market Cap: A$48.56M
Learn more about COD stock on TipRanks’ Stock Analysis page.