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Lotus Resources Limited ( (AU:LOT) ) has shared an announcement.
Lotus Resources Limited has disclosed a change in director Simon Hay’s indirect interest in the company’s shares, following his participation in a recent Share Purchase Plan. Through Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust, Hay acquired 6,976 ordinary fully paid shares for $15,000, increasing his holding to 42,674 shares.
The transaction, conducted at $2.15 per share, reflects director support for the company’s capital-raising initiatives and aligns his financial exposure more closely with other shareholders. The company confirmed the trade did not occur during a closed period, indicating compliance with ASX listing rules and internal governance procedures around director dealings.
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 operating in the resources sector. It is focused on developing and managing resource assets, with its securities traded on the ASX under standard governance and disclosure obligations for listed entities.
Average Trading Volume: 2,125,470
Technical Sentiment Signal: Sell
Current Market Cap: A$513.7M
For a thorough assessment of LOT stock, go to TipRanks’ Stock Analysis page.