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Cygnus Metals Limited ( (AU:CY5) ) has provided an update.
Cygnus Metals Limited has disclosed a change in the relevant interests of director David Southam, following the lapse of 1,059,603 Class Y performance rights held indirectly through his spouse, Lynnette Edwards, after vesting conditions were not satisfied. The lapse, which involved no cash consideration and occurred outside a closed trading period, reduces Southam’s exposure to this particular class of performance rights but leaves his holdings in ordinary shares and other classes of performance and share rights unchanged, providing investors with updated transparency on director alignment and incentive structures.
The most recent analyst rating on (AU:CY5) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.
More about Cygnus Metals Limited
Cygnus Metals Limited is an Australian-listed resources company focused on the exploration and development of metals projects, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares, share rights and multiple classes of performance rights tied to specific vesting conditions and project or corporate milestones.
Average Trading Volume: 1,996,208
Technical Sentiment Signal: Buy
Current Market Cap: A$223.6M
Find detailed analytics on CY5 stock on TipRanks’ Stock Analysis page.