Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Metalsgrove Mining Ltd. ( (AU:MGA) ) has shared an announcement.
MetalsGrove Mining Limited has reported a change in director Haidong Chi’s relevant interests following his participation in tranche two of a previously announced share placement. Through his indirect interest via Fountain Stream Pty Ltd, Chi acquired 1,666,666 fully paid ordinary shares at $0.06 per share, increasing his indirect holding to 11,666,666 fully paid ordinary shares, in addition to existing listed and unlisted options. The transaction reflects further director alignment with shareholders and marginally increases the company’s free float and director ownership within its capital structure.
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 and exploration sector. The company is focused on acquiring and developing mineral assets, with its securities traded on the ASX, where it regularly reports changes in directors’ interests and capital structure.
Average Trading Volume: 182,928
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
For an in-depth examination of MGA stock, go to TipRanks’ Overview page.