Native Mineral Resources Director Increases Equity Stake Through Option Exercises

Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has shared an update.

Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Blake Cannavo, whose holdings are held indirectly through BOC Holdings Pty Ltd and a related family account. Cannavo has exercised a total of 43 million previously issued unquoted options into ordinary shares at exercise prices of $0.02 and $0.04, increasing his indirect shareholding to 215,918,792 shares while reducing his unquoted options balance, with the exercises undertaken pursuant to prior shareholder approvals, thereby further aligning his equity stake with the company’s long-term performance.

The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Limited is an Australian-listed company operating in the resources sector, focused on mineral exploration and development. The company’s securities are traded on the ASX, and its capital structure includes ordinary shares, unquoted options, and performance rights issued to directors and related entities as part of its remuneration and incentive arrangements.

Average Trading Volume: 2,275,440

Technical Sentiment Signal: Sell

Current Market Cap: A$76.54M

See more data about NMR stock on TipRanks’ Stock Analysis page.