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Manuka Resources Director Increases Stake Through Entitlement Offer

Story Highlights
  • Alan J Eggers increased his holdings in Manuka Resources by acquiring 391,844 shares.
  • The acquisition, valued at $16,849, raises Eggers’ total interest to 61,375,887 shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Manuka Resources Director Increases Stake Through Entitlement Offer

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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.

Manuka Resources Ltd has announced a change in the director’s interest, specifically for Alan J Eggers. Mr. Eggers has increased his holdings in the company by acquiring 391,844 fully paid Ordinary Shares through participation in an Entitlement Offer. This acquisition raises his total interest to 61,375,887 shares. The transaction, valued at $16,849, reflects a strategic move to strengthen his stake in the company.

More about Manuka Resources Ltd

Average Trading Volume: 1,084,284

Technical Sentiment Signal: Hold

Current Market Cap: A$48.9M

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

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