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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has provided an update.
Matrix Composites & Engineering has disclosed a change in the securities held by director Aaron Begley, who has been issued 2,237,648 performance rights and 827,123 options at no consideration. The new securities, comprising FY24 and FY25 performance rights and FY24 options, represent equity-based incentives that further align the director’s interests with shareholder value and signal the company’s continued use of performance-linked remuneration for its leadership team.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd is an Australian-listed company operating in the industrial and engineering sector, focused on advanced composite materials and engineered products. Its offerings typically support resource, energy and related heavy industries, providing specialised components designed for demanding operating environments.
Average Trading Volume: 148,378
Technical Sentiment Signal: Sell
Current Market Cap: A$55.05M
For a thorough assessment of MCE stock, go to TipRanks’ Stock Analysis page.