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An update from Riedel Resources Limited ( (AU:RIE) ) is now available.
Riedel Resources Limited has disclosed a change in director Scott Cuomo’s holdings, reflecting his participation in the company’s recent capital-raising initiative. Cuomo increased his direct and indirect stake in the company by acquiring additional fully paid ordinary shares through acceptance of entitlements under a non-renounceable rights issue, signaling continued insider support for the equity raising and potentially reinforcing investor confidence in the company’s funding strategy and governance alignment.
More about Riedel Resources Limited
Average Trading Volume: 421,383
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.78M
See more insights into RIE stock on TipRanks’ Stock Analysis page.