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Metro Mining Director Increases Shareholding

Story Highlights
  • Metro Mining focuses on bauxite mining and aims to strengthen its market position.
  • Director Paul Lucas acquired 120,000 shares, signaling confidence in the company’s future.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Metro Mining Director Increases Shareholding

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Metro Mining Limited ( (AU:MMI) ) has provided an announcement.

Metro Mining Limited has announced a change in the director’s interest, with Director Paul Thomas Lucas acquiring 120,000 ordinary shares through an on-market trade. This acquisition increases his total holdings to 937,561 ordinary shares, reflecting a strategic move that may indicate confidence in the company’s future prospects and stability, potentially impacting stakeholders’ perceptions positively.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.10 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 primarily on the extraction and production of bauxite, a key raw material used in the production of aluminum. The company is engaged in mining operations and aims to strengthen its market position in the global bauxite supply chain.

Average Trading Volume: 11,141,828

Technical Sentiment Signal: Buy

Current Market Cap: A$542.8M

Learn more about MMI stock on TipRanks’ Stock Analysis page.

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