tiprankstipranks
Trending News
More News >

Metro Mining Director Acquires Performance Rights in Strategic Move

Story Highlights
Metro Mining Director Acquires Performance Rights in Strategic Move

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from Metro Mining Limited ( (AU:MMI) ).

Metro Mining Limited announced a change in the interest of its director, Paul Thomas Lucas, who acquired 222,543 performance rights in lieu of a portion of his director’s fees. These performance rights, approved by shareholders, are valued at $12,017 and can be converted into ordinary shares, reflecting a strategic compensation adjustment that aligns management interests with shareholder value.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.

More about Metro Mining Limited

Metro Mining Limited operates in the mining industry, focusing on the extraction and production of bauxite, a key raw material used in the production of aluminum. The company is engaged in the development and operation of bauxite mining projects, primarily targeting the Asian markets.

Average Trading Volume: 11,580,190

Technical Sentiment Signal: Buy

Current Market Cap: A$402.5M

For an in-depth examination of MMI stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1