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Middle Island Resources Director Increases Shareholding

Story Highlights
  • Director Daniel Raihani acquired 1,000,000 shares, increasing his total to 48,000,000.
  • The acquisition signals potential confidence in Middle Island Resources’ future prospects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Middle Island Resources Director Increases Shareholding

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The latest update is out from Middle Island Resources Limited ( (AU:MDI) ).

Middle Island Resources Limited has announced a change in the director’s interest in securities. Director Daniel Raihani has increased his indirect interest by acquiring 1,000,000 shares at $0.039 per share, bringing his total to 48,000,000 shares. This transaction was conducted on the market and reflects a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future prospects.

More about Middle Island Resources Limited

YTD Price Performance: 200%

Average Trading Volume: 2,659,218

Technical Sentiment Signal: Hold

Current Market Cap: A$9.97M

For detailed information about MDI stock, go to TipRanks’ Stock Analysis page.

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