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Great Boulder Resources Ltd ( (AU:GBR) ) just unveiled an announcement.
Great Boulder Resources Limited has reported a change in the holdings of Managing Director Andrew Paterson, reflecting the conversion of previously granted performance rights into ordinary shares. The transaction, cleared in advance to occur during a closed period, increases Paterson’s direct shareholding from 6,278,178 to 13,278,178 ordinary fully paid shares, while his unconverted performance rights fall to 4,500,000. The move underscores a shift from performance-based incentives into equity, further aligning the director’s interests with those of shareholders and signalling confidence in the company’s future performance without any associated cash consideration or new capital raised.
The most recent analyst rating on (AU:GBR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Great Boulder Resources Ltd stock, see the AU:GBR Stock Forecast page.
More about Great Boulder Resources Ltd
Average Trading Volume: 4,515,498
Technical Sentiment Signal: Buy
Current Market Cap: A$95.77M
For a thorough assessment of GBR stock, go to TipRanks’ Stock Analysis page.