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DevEx Resources Ltd ( (AU:DEV) ) just unveiled an update.
DevEx Resources has disclosed a significant increase in chairman Timothy Goyder’s indirect shareholding following recent on-market acquisitions. Through the Goyder Family Trust and his wife Linda Goyder, Goyder acquired a combined 25 million fully paid ordinary shares for a total consideration of approximately $3.625 million, lifting his total direct and indirect holding to 111.9 million shares. The expanded stake further consolidates insider ownership in the company, which may be interpreted by investors as a sign of confidence in DevEx’s prospects and could influence market perceptions of the stock’s longer-term outlook.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
More about DevEx Resources Ltd
DevEx Resources Limited is an Australian-listed resources company active in mineral exploration and development. The company is focused on identifying and advancing resource projects, positioning itself within the broader mining and exploration sector on the ASX.
YTD Price Performance: 37.14%
Average Trading Volume: 1,657,686
Technical Sentiment Signal: Buy
Current Market Cap: A$141M
Find detailed analytics on DEV stock on TipRanks’ Stock Analysis page.