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West Wits Mining Limited ( (AU:WWI) ) just unveiled an announcement.
West Wits Mining has reported a change in director Michael Quinert’s holdings following the exercise of incentive performance rights. Quinert, through his related entity Kastin Pty Ltd, converted 2,500,000 vested performance rights into an equivalent number of fully paid ordinary shares at no cash consideration.
As a result of the transaction, Quinert’s indirect shareholding increased to 66,598,561 shares, with his total direct and indirect stake rising to 71,057,035 shares, while his performance rights balance fell to zero. The change reflects the execution of previously approved incentive securities from the company’s 2023 annual general meeting, modestly increasing issued capital held by the director but not involving any on-market trade.
The most recent analyst rating on (AU:WWI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an Australian-listed resources company focused on gold and related mineral exploration and development. The company’s activities typically centre on advancing mining projects through exploration, resource definition and project development to create shareholder value in the mining sector.
Average Trading Volume: 18,963,000
Technical Sentiment Signal: Buy
Current Market Cap: A$337.1M
For an in-depth examination of WWI stock, go to TipRanks’ Overview page.