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Matsa Resources Limited ( (AU:MAT) ) has shared an update.
Matsa Resources has disclosed a change in director Pascal Blampain’s indirect interests in the company’s securities, following the exercise of unlisted options. Blampain converted 333,333 unlisted options, exercisable at $0.07 and expiring on 31 January 2026, into an equivalent number of fully paid ordinary shares for a consideration of $23,333.31, increasing his indirect shareholding to 2,633,332 fully paid ordinary shares while leaving 326,667 unlisted options exercisable at $0.05 each expiring on 30 September 2027. The transaction, which did not occur during a closed period, modestly strengthens insider equity alignment and provides additional transparency to shareholders regarding director-level confidence in the company’s prospects.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.15 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
Matsa Resources Limited is an ASX-listed resources company engaged in the exploration and development of mineral assets, operating within Australia’s mining and resources sector and focused on creating value through equity holdings and related securities.
YTD Price Performance: 3.85%
Average Trading Volume: 2,139,982
Technical Sentiment Signal: Buy
Current Market Cap: A$129.1M
Learn more about MAT stock on TipRanks’ Stock Analysis page.