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Perenti Global ( (AU:PRN) ) has provided an update.
Perenti Global announced that its Managing Director and CEO, Mark Norwell, has sold 3,111,033 shares to meet personal tax obligations. This marks his first sale since joining the company in 2018, during which he has led a strategic repositioning that resulted in significant growth and strengthened shareholder returns. Despite the sale, Mr. Norwell retains a substantial holding of shares and performance rights, and the transaction was conducted in line with Perenti’s Securities Trading Policy.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti is an ASX-listed, diversified mining services group that specializes in contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents and focuses on creating enduring value and certainty for its investors, clients, employees, and the communities it serves.
Average Trading Volume: 3,065,859
Technical Sentiment Signal: Buy
Current Market Cap: A$2.27B
Learn more about PRN stock on TipRanks’ Stock Analysis page.