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Cyclone Metals Announces Director’s Interest Change

Story Highlights
  • Cyclone Metals Ltd announces a change in director Luke Martino’s indirect interests.
  • The company distributes shares to Iron Bear Unit Trust, impacting director’s holdings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cyclone Metals Announces Director’s Interest Change

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Cyclone Metals Ltd ( (AU:CLE) ) has issued an announcement.

Cyclone Metals Ltd has announced a change in the director’s interest, specifically involving Luke Martino’s indirect interests through LJM Capital Corporation Pty Ltd and LJM Enterprises (WA) Pty Ltd. The company has resolved to distribute shares to the Iron Bear Unit Trust, in which the director holds units. This change reflects the company’s ongoing financial arrangements and shareholder-approved agreements, impacting the director’s holdings with an acquisition of 445,786 fully paid ordinary shares at $0.053 per share.

More about Cyclone Metals Ltd

YTD Price Performance: 3.57%

Average Trading Volume: 2,262,697

Technical Sentiment Signal: Sell

Current Market Cap: A$63.43M

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

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