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EQ Resources Limited ( (AU:EQR) ) has provided an update.
EQ Resources Limited has disclosed a change in the holdings of director Zhui Pei Yeo, following the exercise of company options into ordinary shares. The director converted 312,500 unlisted options, exercisable at $0.065, into an equivalent number of fully paid ordinary shares, increasing his direct shareholding to 114,782,082 ordinary shares while reducing his unlisted options by the same amount. The transaction, which involves no change in overall exposure but shifts from options to equity, modestly increases insider ownership in the company and may be viewed by investors as a signal of confidence in the firm’s prospects.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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
Average Trading Volume: 31,329,526
Technical Sentiment Signal: Buy
Current Market Cap: A$878.3M
Learn more about EQR stock on TipRanks’ Stock Analysis page.