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The latest update is out from Volt Resources Ltd ( (AU:VRC) ).
Volt Resources Limited has disclosed a change in the indirect shareholding of director Asimwe Kabunga, reported via an Appendix 3Y notice to the ASX under Australian listing requirements. The disclosure reflects compliance with corporate governance obligations to keep the market informed of directors’ relevant interests.
Kabunga, through Kabunga Holdings Pty Ltd as beneficiary of the Kabunga Family Account, acquired 58,333,333 fully paid ordinary shares and 29,166,667 unlisted options for $350,000, lifting his indirect holding to 935,035,033 shares plus the new options. The securities were issued pursuant to a shareholder-approved resolution at a recent general meeting, and no trades occurred during a closed period, indicating the transaction was structured as an issuance rather than on-market trading.
The most recent analyst rating on (AU:VRC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Volt Resources Ltd stock, see the AU:VRC Stock Forecast page.
More about Volt Resources Ltd
Volt Resources Limited is an ASX-listed company, though the provided document focuses solely on director securities disclosures without detailing its industry, products, or market focus. The company is subject to Australian corporate and listing rules requiring timely notification of changes in directors’ interests in its securities.
Average Trading Volume: 8,445,135
Technical Sentiment Signal: Sell
Current Market Cap: A$31.42M
For detailed information about VRC stock, go to TipRanks’ Stock Analysis page.