Dreadnought Resources Issues Director Options to Preserve Cash for Exploration

Dreadnought Resources Limited ( (AU:DRE) ) just unveiled an announcement.

Dreadnought Resources Limited has issued 4,713,971 unlisted options to directors Paul Chapman and Philip Crutchfield as part of a strategy to preserve cash for exploration activities. This move indicates a strong commitment from the directors, who have collectively invested over $7 million in the company, potentially enhancing its financial stability and exploration capabilities.

The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.

More about Dreadnought Resources Limited

Dreadnought Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in identifying and developing mineral deposits, with a market focus on expanding its resource base and enhancing shareholder value.

Average Trading Volume: 7,837,781

Technical Sentiment Signal: Sell

Current Market Cap: A$55.87M

For detailed information about DRE stock, go to TipRanks’ Stock Analysis page.