Native Mineral Resources Director Philip Gardner Exercises 10 Million Options Into Shares

Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) just unveiled an announcement.

Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Philip Gardner, who has increased his direct shareholding through the exercise of previously issued options. Gardner converted 10 million unquoted options, exercisable at $0.02 each, into 10 million ordinary shares, lifting his direct holdings to 19 million shares while his indirect holdings, held via Sutton Gardner Pty Limited as trustee of the Sutton Gardner Super Fund, remain at 8 million shares. The transaction, executed under prior shareholder approval, shifts Gardner’s exposure from options to ordinary equity, modestly tightening the company’s free float and further aligning the director’s interests with those of other shareholders.

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 Australia-listed resources company focused on mineral exploration and development. The company operates within the mining sector, with its securities traded on the ASX and subject to Australian corporate and listing regulations governing directors’ interests and disclosures.

Average Trading Volume: 2,275,440

Technical Sentiment Signal: Sell

Current Market Cap: A$76.54M

For a thorough assessment of NMR stock, go to TipRanks’ Stock Analysis page.