Cyclone Metals Director Increases Stake in Company

Cyclone Metals Ltd (AU:CLE) has released an update.

Cyclone Metals Ltd announces a significant increase in the holdings of Director Luke Martino, who acquired 935,148 fully paid ordinary shares through participation in a rights issue. The shares were purchased at $0.016 each, boosting his total holdings in the company to over 2.8 million shares. This move highlights the director’s confidence in the company’s potential growth and could attract the attention of investors looking for opportunities in the stock market.

For further insights into AU:CLE stock, check out TipRanks’ Stock Analysis page.