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TechGen Director Increases Exposure With Purchase of 1 Million Listed Options

Story Highlights
  • TechGen director Ashley Hood acquired 1,000,000 listed options for $21,000, increasing his exposure.
  • The enlarged direct and indirect holdings align Hood more closely with TechGen’s long-term performance and outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TechGen Director Increases Exposure With Purchase of 1 Million Listed Options

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Techgen Metals Ltd. ( (AU:TG1) ) has issued an announcement.

TechGen Metals Limited has reported a change in the interests of director Ashley Hood, detailing an acquisition of 1,000,000 listed options (ASX: TG1OA) exercisable at $0.036 on or before 9 September 2028 for a cash consideration of $21,000. Following this transaction, Hood’s holdings, both directly and through associated entities and trusts, reflect a substantial exposure to TechGen shares, options and performance rights, reinforcing his financial alignment with the company’s long-term performance and potentially signalling confidence in TechGen’s future prospects to the market and shareholders.

The most recent analyst rating on (AU:TG1) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Techgen Metals Ltd. stock, see the AU:TG1 Stock Forecast page.

More about Techgen Metals Ltd.

TechGen Metals Limited is an ASX-listed company in the resources sector, focused on the exploration and development of mineral projects. Its securities on issue include fully paid ordinary shares, listed options, unlisted options and performance rights held by directors and related entities.

Average Trading Volume: 1,134,337

Technical Sentiment Signal: Buy

Current Market Cap: A$15.86M

For a thorough assessment of TG1 stock, go to TipRanks’ Stock Analysis page.

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