SciDev director Dan O’Toole lifts indirect shareholding with on-market purchase

SciDev Ltd ( (AU:SDV) ) has provided an announcement.

SciDev Ltd has disclosed a change in director Dan O’Toole’s relevant interest in the company’s securities, reflecting an increase in his indirect shareholding through Huon Road Pty Ltd . The disclosure, lodged with the ASX, details that O’Toole acquired 106,000 fully paid ordinary shares on-market at $0.2293 per share, lifting his indirect holding to 372,000 shares while his direct holding remains 62,111 shares.

The on-market purchase signals a higher personal financial exposure by the director to SciDev’s equity, which may be interpreted by investors as a sign of confidence in the company’s prospects. The transaction occurred outside a closed period and required no special trading clearance, indicating that it was conducted under normal trading conditions within the company’s governance framework.

The most recent analyst rating on (AU:SDV) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on SciDev Ltd stock, see the AU:SDV Stock Forecast page.

More about SciDev Ltd

SciDev Ltd is an Australian-listed company operating in the industrial and resources sector, with its shares traded on the ASX. The company issues fully paid ordinary shares and is subject to Australian corporate and securities regulations, including director disclosure requirements under listing rule 3.19A.2.

Average Trading Volume: 216,424

Technical Sentiment Signal: Sell

Current Market Cap: A$65.58M

Learn more about SDV stock on TipRanks’ Stock Analysis page.