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Minerals 260 Limited ( (AU:MI6) ) has provided an update.
Minerals 260 has disclosed a change in the interests of director Luke McFadyen, reflecting an on-market purchase of additional fully paid ordinary shares through his AustralianSuper account. The transaction increases his indirect equity stake while leaving his existing holdings of options and performance rights, largely held via the McFadyen Family Trust, unchanged.
The acquired parcel totals 75,471 shares at an aggregate cost of about $59,848, implying a price of roughly $0.793 per share. The updated holding structure reinforces McFadyen’s financial alignment with shareholders but does not alter the company’s broader capital structure or operational strategy, representing a routine governance disclosure to the market.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
More about Minerals 260 Limited
Minerals 260 Limited is an Australian-listed resources company focused on mineral exploration and development. The company’s securities include fully paid ordinary shares, unlisted options with various exercise prices and maturities, and performance rights linked to short- and long-term incentive structures.
Average Trading Volume: 10,505,188
Technical Sentiment Signal: Buy
Current Market Cap: A$1.63B
For detailed information about MI6 stock, go to TipRanks’ Stock Analysis page.