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ITech Minerals Director Increases Stake with New Performance Rights

Story Highlights
  • ITech Minerals operates in mineral exploration, focusing on key industrial materials.
  • Director Glenn Davis acquired 1,250,000 new performance rights, aligning interests with company performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ITech Minerals Director Increases Stake with New Performance Rights

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ITech Minerals LTD ( (AU:ITM) ) just unveiled an update.

ITech Minerals Ltd has announced a change in the director’s interest, with Glenn Davis acquiring an additional 1,250,000 performance rights through Aloren (No. 148) Pty Ltd, a trust where he is the sole director and potential beneficiary. This acquisition, approved as part of director remuneration, increases Davis’s total performance rights to 2,000,000, potentially impacting the company’s governance and shareholder value by aligning director interests with company performance.

More about ITech Minerals LTD

ITech Minerals Ltd operates in the mineral exploration industry, focusing on the development and production of mineral resources. The company is involved in the exploration of various mineral deposits, aiming to supply key materials for industrial and technological applications.

Average Trading Volume: 1,039,352

Technical Sentiment Signal: Sell

Current Market Cap: A$11.94M

For detailed information about ITM stock, go to TipRanks’ Stock Analysis page.

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