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Metalsgrove Mining Ltd. ( (AU:MGA) ) has shared an announcement.
MetalsGrove Mining has disclosed a change in director Luke Huang’s relevant interests, with an indirect holding vehicle, Hermit Investment Pty Ltd, acquiring 5 million fully paid ordinary shares at $0.06 per share. Following this participation in the second tranche of a previously announced placement, Huang’s indirect stake has increased to 7,628,171 fully paid ordinary shares alongside existing listed and unlisted options, signalling stronger director alignment with shareholders and incremental support for the company’s ongoing capital-raising efforts.
The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.
More about Metalsgrove Mining Ltd.
MetalsGrove Mining Limited is an Australian-listed resources company active in the mining and exploration sector, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares, listed options and unlisted options issued to directors and other stakeholders.
Average Trading Volume: 182,928
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
Find detailed analytics on MGA stock on TipRanks’ Stock Analysis page.