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The latest announcement is out from Metgasco Ltd ( (AU:MEL) ).
Metgasco Ltd has announced a significant change in the director’s interest in securities, specifically involving Michael Glennon. The change is due to a consolidation of capital on a 50 for 1 basis, as approved by shareholders, which has resulted in a reduction of the number of securities held by Mr. Glennon. This adjustment reflects a strategic move by the company to streamline its capital structure, potentially impacting its market positioning and shareholder interests.
More about Metgasco Ltd
Metgasco Ltd operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is engaged in identifying and developing energy projects, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 231,213
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
See more data about MEL stock on TipRanks’ Stock Analysis page.