Viridis Director Increases Equity Stake Through Option Exercise

The latest announcement is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).

Viridis Mining and Minerals Limited has disclosed a change in director Timothy Joseph Harrison’s indirect interests in the company’s securities, held through Timel Holdings Pty Ltd. The notice outlines adjustments to his holdings of fully paid ordinary shares, options, and performance rights in line with ASX reporting requirements.

Harrison exercised 200,000 unquoted options at an exercise price of $0.40, converting them into 200,000 fully paid ordinary shares for a total consideration of $80,000. Following this transaction, his indirect holding increased to 250,000 fully paid ordinary shares while his unquoted options position was reduced to zero, a move that marginally increases his equity stake and aligns his interests more closely with shareholders.

The most recent analyst rating on (AU:VMM) stock is a Buy with a A$4.30 price target. To see the full list of analyst forecasts on Viridis Mining and Minerals Limited stock, see the AU:VMM Stock Forecast page.

More about Viridis Mining and Minerals Limited

Viridis Mining and Minerals Limited operates in the mining and minerals sector, focusing on the exploration and development of mineral resources. The company’s securities include fully paid ordinary shares, unquoted options, and performance rights, which are held by directors and related entities as part of their remuneration and incentive structures.

Average Trading Volume: 895,950

Technical Sentiment Signal: Buy

Current Market Cap: A$252.1M

For an in-depth examination of VMM stock, go to TipRanks’ Overview page.