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De.mem Ltd. ( (AU:DEM) ) has issued an announcement.
De.mem Ltd has disclosed a change in director Andreas Hendrik De Wit’s holdings following his participation in a company share placement. The director acquired 2,380,952 fully paid ordinary shares at $0.105 per share, increasing his direct holding in the company, while his existing options position remains unchanged. The new shares were issued as part of a placement to fund the acquisition of Core Chemicals Pty Ltd, a transaction previously announced and approved by shareholders, underscoring the director’s financial backing of the capital raising and aligning his interests more closely with the company’s growth strategy.
The most recent analyst rating on (AU:DEM) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on De.mem Ltd. stock, see the AU:DEM Stock Forecast page.
More about De.mem Ltd.
Average Trading Volume: 200,151
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$35.66M
For a thorough assessment of DEM stock, go to TipRanks’ Stock Analysis page.