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Lotus Resources Limited ( (AU:LOT) ) just unveiled an update.
Lotus Resources has disclosed a change in director Gregory Bittar’s indirect interests, reflecting a recent on‑market acquisition of additional ordinary shares. Through Gernie Invts Pty Ltd as trustee for the Gernie Invts Trust, Bittar acquired 13,953 fully paid shares for $30,000 at $2.15 per share, increasing his indirect equity stake alongside an existing portfolio of options and performance rights.
The transaction signals continued financial alignment between the director and Lotus shareholders, with Bittar maintaining substantial exposure via both direct and trust-held securities. The change, lodged under ASX listing rules, provides investors with updated transparency on board-level holdings, which can be a barometer of insider confidence and governance oversight in the company’s capital management.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
More about Lotus Resources Limited
Lotus Resources Limited is an Australian-listed company in the resources sector. The company is involved in the exploration and development of mineral assets, with its securities traded on the ASX, and its directors hold a mix of ordinary shares, options and performance rights aligned to long- and short-term incentives.
Average Trading Volume: 2,125,470
Technical Sentiment Signal: Sell
Current Market Cap: A$513.7M
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.