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The latest update is out from Iluka Resources Limited ( (AU:ILU) ).
Iluka Resources Limited announced a change in the interest of its Managing Director, Thomas O’Leary, regarding his holdings in the company. O’Leary’s direct ownership of 1,219,369 shares was transferred to a family trust, Teakdale Investments Pty Ltd, where he remains a beneficiary. This strategic move suggests a shift in the director’s personal investment strategy while maintaining a substantial stake in the company. This transition is expected to have no immediate impact on the company’s overall operations or market position, but it does highlight the director’s continued confidence in Iluka’s prospects.
More about Iluka Resources Limited
Iluka Resources Limited operates within the mining industry, focusing primarily on mineral sands exploration, project development, operations, and marketing. The company’s key products include zircon and titanium dioxide, catering to various industrial sectors worldwide.
YTD Price Performance: -5.77%
Average Trading Volume: 960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.27B
See more data about ILU stock on TipRanks’ Stock Analysis page.
