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XRF Scientific Limited ( (AU:XRF) ) has issued an announcement.
XRF Scientific Limited announced a change in director David Brown’s shareholding, with Brown selling 1,000,000 shares for financial diversification purposes. Despite this sale, Brown has no immediate plans for further sales, and the transaction was executed through an on-market trade. This move reflects Brown’s strategy to diversify his investments, as a significant portion of his holdings are in XRF shares. The announcement, approved by the company’s board, highlights the director’s confidence in the company’s future performance, as he retains a substantial stake.
The most recent analyst rating on (AU:XRF) stock is a Buy with a A$2.26 price target. To see the full list of analyst forecasts on XRF Scientific Limited stock, see the AU:XRF Stock Forecast page.
More about XRF Scientific Limited
XRF Scientific Limited is an Australian company based in Perth, Western Australia, and listed on the ASX. It specializes in manufacturing equipment and chemicals for production mines, construction material companies, and commercial analytical laboratories. The company’s technology is primarily used for measuring the composition and purity of materials, aiding in industrial quality control and process control across industries such as metals and mining, construction materials, chemicals, and petrochemicals. XRF Scientific has a global presence with facilities in Perth, Melbourne, Europe, and Canada, and a network of distributors worldwide, serving major clients like BHP Billiton, Rio Tinto, and Glencore.
Average Trading Volume: 275,382
Technical Sentiment Signal: Buy
Current Market Cap: A$300.3M
For a thorough assessment of XRF stock, go to TipRanks’ Stock Analysis page.