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Toubani Resources Limited Registered Shs ( (AU:TRE) ) has provided an announcement.
Toubani Resources Limited has disclosed a change in the indirect shareholdings of director Phil Russo, involving entities Marnae Super Pty Ltd and Optimus Investments (WA) Pty Ltd. The transaction saw Russo exercise 1,000,000 stock options with a strike price of A$0.35 on a cashless basis, resulting in the issue of 111,796 fully paid ordinary shares, while a further 1,000,000 options with a strike price of A$0.50 lapsed without consideration. Following these changes, Russo’s indirect holding in Toubani increased to 676,776 fully paid ordinary shares, while his performance rights holdings remain unchanged, signalling a modest shift from derivative-based incentives to direct equity exposure that may be viewed as aligning his interests more closely with those of shareholders.
The most recent analyst rating on (AU:TRE) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Toubani Resources Limited Registered Shs stock, see the AU:TRE Stock Forecast page.
More about Toubani Resources Limited Registered Shs
Average Trading Volume: 896,789
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
For a thorough assessment of TRE stock, go to TipRanks’ Stock Analysis page.