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Iris Metals Limited ( (AU:IR1) ) has shared an update.
Iris Metals has disclosed a change in the holdings of director Peter Marks, detailing adjustments to both his direct and indirect interests in the company’s securities. The filing shows that entities associated with Marks acquired 303,030 ordinary fully paid shares at $0.165 each, along with 151,515 free attaching unlisted options exercisable at $0.2475 and expiring in February 2029.
The transaction, completed via a placement, lifts Marks’ exposure to Iris Metals through a combination of equity and derivative instruments without any disposals reported. The increased stake underscores continued director participation in the company’s capital structure, a development likely to be watched by shareholders assessing alignment between board members and investor interests.
The most recent analyst rating on (AU:IR1) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Limited is an Australian-listed company active in the resources sector. The firm is involved in the exploration and development of mineral assets, with its securities traded on the ASX and held through a mix of ordinary shares, performance rights and unlisted options by directors and related entities.
Average Trading Volume: 455,706
Technical Sentiment Signal: Sell
Current Market Cap: A$24.84M
See more insights into IR1 stock on TipRanks’ Stock Analysis page.