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Redcastle Resources Limited ( (AU:RC1) ) has shared an update.
Redcastle Resources Limited has disclosed a change in the holdings of director Xusheng (Sean) Ke, who increased his interest in the company through the acquisition of 13,889 listed options. The options, exercisable at $0.15 and expiring on 7 October 2028, were taken up under a loyalty option entitlement offer at a price of $0.01 per option, lifting his total listed option holding to 1,550,926 while his shareholding and unlisted option positions remain unchanged. The move signals continued director support for the company’s capital structure and ongoing funding initiatives, which may be interpreted by investors as a vote of confidence in the company’s medium-term prospects.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
More about Redcastle Resources Limited
Redcastle Resources Limited is an Australian-listed company operating in the resources sector. The company is involved in the exploration and development of mineral assets, with its securities traded on the ASX, giving it access to public equity markets for funding and growth of its projects.
Average Trading Volume: 484,032
Technical Sentiment Signal: Buy
Current Market Cap: A$17.33M
For a thorough assessment of RC1 stock, go to TipRanks’ Stock Analysis page.