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Coda Minerals Ltd ( (AU:COD) ) just unveiled an update.
Coda Minerals has reported a change in the indirect interests of director Christopher Stevens, reflecting adjustments in securities held through his spouse, Dr Catriona Fleur Stevens. The update shows the conversion of performance rights into 348,818 fully paid ordinary shares at no cash consideration, under the company’s Employee Incentive Plan.
As part of the change, 34,416 2021 Performance Rights and 314,402 2022 Performance Rights were exercised and cancelled, with corresponding ordinary shares issued. The reshaping of Stevens’ indirect holdings highlights the ongoing use of equity-based remuneration to align management incentives with shareholder interests, without immediate capital inflows to the company.
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. It operates in the mining and exploration sector, focusing on the development of mineral assets and related securities structures for directors and associated parties.
Average Trading Volume: 982,558
Technical Sentiment Signal: Hold
Current Market Cap: A$48.56M
See more insights into COD stock on TipRanks’ Stock Analysis page.