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Terramin Australia Limited ( (AU:TZN) ) just unveiled an announcement.
Terramin Australia Limited has disclosed a significant change in director Feng Sheng’s holdings, with his direct and indirect interests in the company’s ordinary fully paid shares increasing through an issue of new shares. The additional 361,933,820 shares were acquired at $0.038 per share under a Shortfall Partial Underwriting and Debt Discharge Deed associated with a non-renounceable rights issue, materially lifting Feng Sheng’s stake and reinforcing his financial alignment with the company, which may be interpreted by investors as a sign of confidence in Terramin’s capital structure and future direction.
The most recent analyst rating on (AU:TZN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Terramin Australia Limited stock, see the AU:TZN Stock Forecast page.
More about Terramin Australia Limited
Terramin Australia Limited is an Australian-listed resources company focused on the exploration and development of mineral projects, with its primary activities centred on acquiring, operating and advancing mining assets in Australia and potentially overseas. The company’s operations are subject to ASX listing rules and Australian corporate governance requirements, including regular disclosure of directors’ interests in its securities.
Average Trading Volume: 267,820
Technical Sentiment Signal: Sell
Current Market Cap: A$59.53M
For a thorough assessment of TZN stock, go to TipRanks’ Stock Analysis page.