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QEM Limited ( (AU:QEM) ) has issued an update.
QEM Limited has disclosed a change in the holdings of director Robert Cooper, detailing his participation in a recent equity placement approved by shareholders. The notice outlines that Cooper now holds 1,000,000 ordinary shares and a total of 5,500,000 unquoted options after the transaction.
The director acquired 1,000,000 shares at $0.024 each along with 500,000 free attaching options exercisable at $0.045, maturing in April 2029. The company emphasised that the issue of placement shares and options was conducted in line with shareholder approval and that no trades occurred during a closed period, underscoring compliance with ASX governance requirements.
The most recent analyst rating on (AU:QEM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
More about QEM Limited
QEM Limited is an Australian-listed company, with its securities traded on the ASX. The filing relates to director dealings in the company’s ordinary shares and options, reflecting standard governance disclosures required under local listing rules.
Average Trading Volume: 1,545,002
Technical Sentiment Signal: Sell
Current Market Cap: A$14.18M
For a thorough assessment of QEM stock, go to TipRanks’ Stock Analysis page.