Southern Cross Gold Corrects Director Shareholding Record

Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has issued an announcement.

Southern Cross Gold Consolidated Ltd has corrected the recorded opening balance of securities held by director Michael Hudson, following a review of share movements around the time of the company’s ASX listing. The company said the discrepancy arose from rounding of shares prior to listing and that the revised figure reduces the number of shares previously reported as held before the change by 4,846, underscoring its efforts to maintain accurate disclosure of director interests for investors.

The adjustment has been formalised in an updated Change of Director’s Interest Notice lodged with the exchange, with the board approving the release of the clarification. While the numerical change is modest, the disclosure reinforces governance standards and transparency around director holdings, which are closely watched by regulators and shareholders in the cross-listed miner.

The most recent analyst rating on (AU:SX2) stock is a Hold with a A$10.70 price target. To see the full list of analyst forecasts on Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs stock, see the AU:SX2 Stock Forecast page.

More about Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs

Southern Cross Gold Consolidated Ltd is a listed resources company with securities trading on the TSX, ASX and OTCQX under the tickers SXGC, SX2 and SXGCF. The company operates through offices in Vancouver and Melbourne, reflecting its dual Canadian and Australian market presence and compliance obligations in both jurisdictions.

Average Trading Volume: 365,023

Technical Sentiment Signal: Buy

Current Market Cap: A$2.92B

For an in-depth examination of SX2 stock, go to TipRanks’ Overview page.