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Veem Ltd ( (AU:VEE) ) has issued an announcement.
Veem Ltd has announced a change in the director’s interest, with Mark David Miocevich acquiring an additional 769,231 ordinary fully paid shares through participation in a placement. This acquisition increases his total holding to 68,904,824 shares, reflecting a strategic move that could strengthen his influence within the company. The transaction, valued at $1.30 per share, underscores confidence in the company’s future prospects and may have implications for its market positioning and stakeholder relations.
The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.
More about Veem Ltd
Veem Ltd operates in the engineering and manufacturing industry, specializing in the production of high-precision components and systems, particularly for the marine and defense sectors. The company is known for its advanced gyrostabilizers and propulsion systems, catering to a global market with a focus on innovation and quality.
Average Trading Volume: 358,077
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$110.9M
Learn more about VEE stock on TipRanks’ Stock Analysis page.