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Nickel Mines Ltd. ( (AU:NIC) ) just unveiled an update.
Nickel Industries Limited has announced a change in director Chris Shepherd’s interests following the conversion of vested share rights into fully paid ordinary shares. Shepherd converted 1,000,000 share rights into 1,000,000 fully paid ordinary shares at nil consideration, increasing his direct and indirect holding of ordinary shares while reducing his unconverted share rights, in line with the company’s executive incentive arrangements and ASX disclosure requirements.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
More about Nickel Mines Ltd.
Nickel Industries Limited is an Australia-based resources company focused on the production of nickel, a key input for stainless steel and battery materials. The company is listed on the ASX and manages various equity and incentive structures for its executives as part of its capital and remuneration framework.
Average Trading Volume: 15,429,291
Technical Sentiment Signal: Buy
Current Market Cap: A$4.41B
Learn more about NIC stock on TipRanks’ Stock Analysis page.