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Reward Minerals Director Michael Ruane Increases Shareholding via On-Market Purchase

Story Highlights
  • Reward Minerals director Michael Ruane has modestly increased his shareholding through on-market purchases.
  • Ruane now holds over 108 million shares across entities, underscoring continued board-level confidence in the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Reward Minerals Director Michael Ruane Increases Shareholding via On-Market Purchase

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Reward Minerals Limited ( (AU:RWD) ) just unveiled an update.

Reward Minerals has disclosed a change in the interests of director Michael Ruane, who has increased his total holding in the company through on-market purchases. Ruane acquired 68,948 fully paid ordinary shares for approximately $2,689, lifting his aggregate holding across direct and associated entities to 108,165,319 shares, while his options and performance rights positions remain unchanged. The modest on-market acquisition signals continued support and confidence from a key board member, with no trades occurring during a closed period and no disposals reported.

The most recent analyst rating on (AU:RWD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Reward Minerals Limited stock, see the AU:RWD Stock Forecast page.

More about Reward Minerals Limited

Reward Minerals Ltd is an ASX-listed resources company operating in the minerals sector. The company’s capital structure includes fully paid ordinary shares, unlisted options and performance rights held by directors and related entities, reflecting a typical ownership framework for an exploration and development-focused mining business.

Average Trading Volume: 90,893

Technical Sentiment Signal: Sell

Current Market Cap: A$10.97M

For detailed information about RWD stock, go to TipRanks’ Stock Analysis page.

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