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Finder Energy Holdings Limited ( (AU:FDR) ) has issued an announcement.
Finder Energy Holdings Limited has disclosed a change in director Shane Westlake’s interests in the company’s securities, following his participation in Tranche 2 of a previously announced share placement. Westlake acquired 67,568 fully paid ordinary shares for approximately $25,000, increasing his direct holding to 2,279,209 fully paid ordinary shares while retaining 7,570,000 performance rights, with no changes to his indirect holdings via his spouse. The transaction signals director support for the company’s latest capital raising, which may be interpreted by investors as a vote of confidence in Finder Energy’s strategic direction and funding position.
The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australia-listed company in the energy sector, focused on oil and gas exploration and development activities. The company raises capital through share placements on the ASX to fund its operational and growth initiatives within the upstream energy market.
Average Trading Volume: 970,422
Technical Sentiment Signal: Buy
Current Market Cap: A$187.6M
See more insights into FDR stock on TipRanks’ Stock Analysis page.