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Great Divide Mining Director Increases Stake Through On-Market Share Purchase

Story Highlights
  • Great Divide Mining reported updated details of director Adam Arkinstall’s direct and indirect share and option holdings.
  • Arkinstall acquired 16,000 additional shares on-market, modestly increasing his stake and signalling strengthened insider alignment with investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Great Divide Mining Director Increases Stake Through On-Market Share Purchase

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Great Divide Mining Ltd ( (AU:GDM) ) just unveiled an update.

Great Divide Mining Ltd has disclosed a change in the equity holdings of director Adam Arkinstall, detailing both his direct and indirect interests in the company’s fully paid ordinary shares and unlisted options held through various associated entities and family members. The filing to the ASX shows that Arkinstall purchased an additional 16,000 fully paid ordinary shares on-market for about $4,870, modestly increasing his direct stake and slightly deepening insider ownership, a move that may be read by investors as a sign of confidence in the company’s prospects and alignment of management interests with shareholders.

More about Great Divide Mining Ltd

Average Trading Volume: 33,988

Technical Sentiment Signal: Sell

Current Market Cap: A$15.06M

See more insights into GDM stock on TipRanks’ Stock Analysis page.

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