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TerraCom Limited ( (AU:TER) ) has issued an update.
TerraCom Limited has disclosed a change in director Glen Lewis’s relevant interest in the company’s shares, with his indirect holdings increasing by 502,000 fully paid ordinary shares acquired at $0.06 per share under a rights entitlement offer. Following this transaction, Lewis’s total indirect stake rose to 3,106,354 shares held via Baysoni Pty Ltd and Rainbow Max Limited, signalling continued director participation in the company’s capital raising and potentially reinforcing confidence in TerraCom’s equity among investors.
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 active in the mining sector. It is involved in the production and sale of coal, with its securities traded on the Australian Securities Exchange, and its shareholder base includes directors and related entities holding substantial equity positions.
Average Trading Volume: 5,860,972
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$117.2M
Find detailed analytics on TER stock on TipRanks’ Stock Analysis page.