MetalsGrove Director Lijun Yang Increases Indirect Shareholding Through Placement and Bonus Shares

Metalsgrove Mining Ltd. ( (AU:MGA) ) has provided an update.

MetalsGrove Mining Limited has disclosed a change in director Lijun Yang’s indirect interests, with Yang’s associated entity LJY Capital Pty Ltd increasing its holding of fully paid ordinary shares. Following the issue of 1,666,666 shares via participation in the second tranche of a recent placement and an additional 500,000 shares as a remuneration bonus, Yang’s indirect shareholding has risen from 6,250,000 to 8,416,666 shares, while existing listed options, performance rights and unlisted options remain unchanged, modestly strengthening management’s equity alignment with shareholders.

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 ASX-listed resources company operating in the mining sector. The company’s securities include fully paid ordinary shares, listed options, performance rights and various unlisted options, reflecting a typical capital structure for a junior mining or exploration-focused entity.

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.