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Larvotto Resources Director Increases Shareholding

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Larvotto Resources Director Increases Shareholding

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The latest update is out from Larvotto Resources Limited ( (AU:LRV) ).

Larvotto Resources Limited announced a change in the interests of its director, Mark William Tomlinson, involving the conversion of vested performance rights into fully paid ordinary shares. This transaction increased Mr. Tomlinson’s holdings by 833,334 shares, reflecting a strategic move within the company to align director interests with shareholder value. The conversion was non-cash, with a share value of $0.615 at the time of exercise, indicating a potential positive outlook for the company and its stakeholders.

More about Larvotto Resources Limited

Average Trading Volume: 5,096,418

Technical Sentiment Signal: Buy

Current Market Cap: A$255M

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

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