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Tamboran Resources Limited ( (AU:TBN) ) has issued an announcement.
Tamboran Resources Corporation has disclosed a change in the securities held by director Richard Kelty Stoneburner, reflecting an increase in his equity stake in the company. Stoneburner acquired 11,904 common shares at USD$21 per share, primarily through the vesting of restricted stock units and the issue of securities under a previously approved private investment in public equity (PIPE) arrangement, lifting his direct common stock holdings to 50,049 shares while his unlisted options position remains unchanged. The transaction strengthens the director’s alignment with shareholders and signals continued utilisation of equity-based incentives as part of Tamboran’s capital structure and governance framework.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
More about Tamboran Resources Limited
Tamboran Resources Corporation is an energy company focused on the exploration and development of natural gas resources. The company is listed on the ASX and issues various equity securities, including common stock, unlisted options and restricted stock units, to align management and director incentives with shareholder interests.
Average Trading Volume: 1,619,912
Technical Sentiment Signal: Buy
Current Market Cap: A$906.2M
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.