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Metro Mining’s Director Increases Stake Through Share Acquisition

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Metro Mining’s Director Increases Stake Through Share Acquisition

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Metro Mining Limited ( (AU:MMI) ) just unveiled an announcement.

Metro Mining Limited has announced a change in the director’s interest, with Andrew Lloyd acquiring additional ordinary shares. The acquisition, which involved converting vested performance rights into shares, reflects a strategic move to compensate the director through equity, potentially aligning his interests with those of the company and its shareholders.

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 primarily on the extraction and production of bauxite, a key raw material used in aluminum production. The company is engaged in developing and managing mining projects, with a market focus on supplying bauxite to the global aluminum industry.

Average Trading Volume: 11,208,915

Technical Sentiment Signal: Hold

Current Market Cap: A$292.4M

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

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