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Imdex Ltd ( (AU:IMD) ) just unveiled an update.
Imdex Limited has announced a change in the director’s interest, with CEO and Managing Director Paul House receiving 252,477 ordinary shares as part of the company’s Employee Rights Plan. This issuance is part of the long-term incentive scheme, indicating a strategic move to align executive interests with company performance, potentially impacting stakeholder confidence and executive motivation.
The most recent analyst rating on (AU:IMD) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
More about Imdex Ltd
Imdex Limited operates in the mining industry, providing drilling optimization products and services. The company focuses on enhancing drilling productivity and efficiency through its innovative technologies and solutions.
YTD Price Performance: 30.85%
Average Trading Volume: 1,292,469
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.55B
See more insights into IMD stock on TipRanks’ Stock Analysis page.