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Metalsgrove Mining Ltd. ( (AU:MGA) ) has provided an announcement.
MetalsGrove Mining Limited has disclosed a change in director Peter Ledwidge’s indirect interest in the company, with his superannuation-related entity subscribing for 333,333 additional fully paid ordinary shares at $0.06 per share. The acquisition, made via participation in tranche two of a previously announced placement, increases Ledwidge’s holding to 422,618 shares while his existing unlisted options remain unchanged, modestly deepening director alignment with shareholders and slightly expanding the company’s free float without any associated contract changes.
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 operating in the mining sector, with its securities traded on the ASX. The company’s register includes fully paid ordinary shares and various tranches of unlisted options issued to directors and related parties as part of its capital structure and incentive arrangements.
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.