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Elevate Uranium Ltd ( (AU:EL8) ) has issued an announcement.
Elevate Uranium Limited has disclosed changes in the securities held by Managing Director Murray Hill and his related entities, including his spouse and their self-managed superannuation fund. The notice details a net acquisition of 1,349,486 fully paid ordinary shares in Elevate Uranium at a price of A$0.245 per share through the Carmu Super Fund account, offset by disposals from Hill personally and his spouse. While the transaction does not alter control of the company, it marginally increases Hill’s indirect equity exposure, which may be interpreted by investors as a vote of confidence in Elevate Uranium’s prospects and align the director’s financial interests more closely with those of shareholders.
The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.38 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.
More about Elevate Uranium Ltd
Elevate Uranium Limited is an ASX-listed resources company focused on uranium, operating within the broader mining and energy sector. The company’s activities centre on the exploration and development of uranium assets, positioning it to benefit from long-term demand for nuclear fuel in global energy markets.
Average Trading Volume: 1,974,300
Technical Sentiment Signal: Buy
Current Market Cap: A$174.7M
See more data about EL8 stock on TipRanks’ Stock Analysis page.