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The latest update is out from GBM Resources Limited ( (AU:GBM) ).
GBM Resources Limited has disclosed a change in director Andrew Krelle’s indirect interests in the company’s securities, held via Iolanthe Capital Pty Ltd. The update shows that 15,000,000 performance rights have vested and converted into fully paid ordinary shares at no cash consideration, lifting Krelle’s indirect shareholding from 35,000,000 to 50,000,000 shares while his performance rights balance falls to zero, with no change to his existing unlisted incentive options; the transaction reflects the satisfaction of non-market vesting conditions rather than an on- or off-market trade.
The most recent analyst rating on (AU:GBM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBM Stock Forecast page.
More about GBM Resources Limited
Average Trading Volume: 10,976,746
Technical Sentiment Signal: Hold
Current Market Cap: A$169.5M
For a thorough assessment of GBM stock, go to TipRanks’ Stock Analysis page.