Elixir Energy director lifts indirect stake with on-market share purchase

Elixir Energy Limited ( (AU:EXR) ) has provided an update.

Elixir Energy Limited has disclosed a change in director Stuart Nicholls’ indirect interest in the company, with entities associated with him purchasing 1.1 million fully paid ordinary shares on market at $0.0902 per share. Following this transaction, the Nicholls Family Trust now holds 7.1 million ordinary shares, in addition to 10 million options and 15 million performance rights previously on issue.

The on-market acquisition signals increased equity exposure by the director-linked entities and leaves Nicholls’ superannuation account balance unchanged at 5,158,666 shares. There was no change in his interests in contracts, and the trades were not conducted during a closed period, indicating routine portfolio adjustment rather than a compliance-sensitive transaction.

The most recent analyst rating on (AU:EXR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Elixir Energy Limited stock, see the AU:EXR Stock Forecast page.

More about Elixir Energy Limited

Elixir Energy Limited is an Australian listed company in the energy sector. While this notice does not detail its operations, the company is engaged in activities that involve listed equity securities, including ordinary shares, options, and performance rights, reflecting a typical capital structure for a growth-focused energy explorer or producer.

Average Trading Volume: 6,100,516

Technical Sentiment Signal: Hold

Current Market Cap: A$169.9M

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