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Matsa Resources Announces Director’s Change in Shareholding

Story Highlights
  • Matsa Resources Limited reports a change in director Pascal Blampain’s shareholding.
  • Blampain acquired 2,000,000 shares and disposed of 1,500,000 shares and options, valued at $180,000.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Matsa Resources Announces Director’s Change in Shareholding

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An update from Matsa Resources Limited ( (AU:MAT) ) is now available.

Matsa Resources Limited has announced a change in the director’s interest, specifically concerning Pascal Blampain. The company reports that Blampain has acquired 2,000,000 fully paid ordinary shares and disposed of 1,500,000 fully paid ordinary shares and 2,000,000 unlisted options. This change reflects an exercise of options and an off-market disposal of shares, resulting in Blampain holding 2,299,999 fully paid ordinary shares and a number of unlisted options. The transaction, valued at $180,000 for both acquisition and disposal, indicates a strategic adjustment in the director’s investment portfolio.

The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.

More about Matsa Resources Limited

YTD Price Performance: 242.86%

Average Trading Volume: 2,648,370

Technical Sentiment Signal: Buy

Current Market Cap: A$113.4M

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

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