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Scorpion Minerals Director Increases Shareholding Through Option Conversion

Story Highlights
  • Director Peter Koller has increased his direct shareholding in Scorpion Minerals through option conversion and on-market purchases.
  • Koller cancelled a tranche of $0.04 options while boosting his equity stake, subtly reshaping his exposure and signalling confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Scorpion Minerals Director Increases Shareholding Through Option Conversion

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Scorpion Minerals Limited ( (AU:SCN) ) has issued an announcement.

Scorpion Minerals Limited has disclosed changes in director Peter Koller’s holdings in the company, detailing adjustments to his direct and indirect interests in fully paid ordinary shares and various option classes. The notice shows Koller has converted a tranche of options and acquired additional shares on-market, increasing his direct shareholding while cancelling a series of $0.04 options, a move that modestly reshapes his equity exposure and may be seen by investors as an indication of confidence in the company’s prospects and alignment with shareholder interests.

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

More about Scorpion Minerals Limited

Average Trading Volume: 1,376,655

Technical Sentiment Signal: Buy

Current Market Cap: A$22.38M

See more data about SCN stock on TipRanks’ Stock Analysis page.

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