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TerraCom Limited ( (AU:TER) ) has issued an announcement.
TerraCom Limited has disclosed a significant increase in the shareholding of director Danny McCarthy following his participation in the company’s Rights Entitlement Offer. McCarthy acquired 4,886,642 fully paid ordinary shares at $0.06 per share, lifting his total holding from 3,909,314 to 8,795,956 shares, comprised of both direct holdings and an indirect interest via Rainbow Max Limited as trustee for the Rainbow Max unit trust. The transaction underscores strong director support for TerraCom’s capital-raising initiative, which may be viewed positively by investors as an indication of confidence in the company’s outlook and ongoing operations.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
More about TerraCom Limited
TerraCom Limited is an Australian-listed resources company, with operations focused on coal and related mining activities. It participates in the exploration, development and production of coal assets, supplying both domestic and export markets.
Average Trading Volume: 5,860,972
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$117.2M
See more data about TER stock on TipRanks’ Stock Analysis page.