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Empire Resources Director Increases Stake

Story Highlights
  • Empire Resources Ltd operates in the mining industry, focusing on mineral resources.
  • Director Michael Ruane acquired 2.5 million shares, increasing his stake in the company.
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Empire Resources Director Increases Stake

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Empire Resources Limited ( (AU:ERL) ) has provided an update.

Empire Resources Ltd has announced a change in the director’s interest, with Michael Ruane acquiring an additional 2,500,000 fully paid ordinary shares, bringing his total to 564,514,032 shares. This acquisition, valued at $11,500, was conducted through on-market purchases and reflects Ruane’s increased stake in the company, potentially signaling confidence in the company’s future prospects.

More about Empire Resources Limited

Empire Resources Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with the extraction and production of metals, positioning itself in the market as a resource development entity.

Current Market Cap: A$5.94M

Learn more about ERL stock on TipRanks’ Stock Analysis page.

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