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An update from Reward Minerals Limited ( (AU:RWD) ) is now available.
Reward Minerals has disclosed a change in director Michael Ruane’s relevant interests in the company’s securities following a small on-market share purchase. Ruane and his associated entities acquired 51,851 additional fully paid ordinary shares for $2,230.14, increasing their aggregate holding to 108,491,001 shares while maintaining existing unlisted options and performance rights.
The transaction marginally lifts Ruane’s already substantial stake in Reward Minerals and reinforces significant director alignment with shareholders. The company confirmed the trades were conducted on-market and outside any closed trading period, suggesting routine portfolio adjustment rather than a broader corporate event or capital restructuring.
More about Reward Minerals Limited
Reward Minerals Ltd is an Australian-listed resources company focused on mineral exploration and development. The company’s securities include fully paid ordinary shares, unlisted options and performance rights held by directors and associated entities, reflecting a concentrated insider ownership structure.
Average Trading Volume: 54,599
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.81M
Learn more about RWD stock on TipRanks’ Stock Analysis page.