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The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has disclosed a change in director Oliver Kleinhempel’s relevant interests in the company’s securities, as required under ASX listing rules. Kleinhempel’s holding has been restructured via an off-market transfer of fully paid ordinary shares from his indirect holding through Sonnenallee Investments Limited into his direct holding, increasing his direct shareholding to 23,144,711 shares while his options position remains unchanged. The transaction involves no new shares being issued and no consideration paid, indicating a change in the form of ownership rather than in the overall economic interest, with no dilutionary impact on other shareholders but improving transparency around the director’s direct versus indirect exposure to the company.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is an ASX-listed company operating in the resources sector. The company is involved in the exploration, development and production of mineral resources, with its securities actively traded on the Australian market, and its governance disclosures subject to ASX listing rules.
Average Trading Volume: 23,230,175
Technical Sentiment Signal: Buy
Current Market Cap: A$373.6M
For a thorough assessment of EQR stock, go to TipRanks’ Stock Analysis page.