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Metcash Director Increases Shareholding, Signaling Confidence in Future Growth

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Metcash Director Increases Shareholding, Signaling Confidence in Future Growth

Metcash Limited ( (AU:MTS) ) has provided an update.

Metcash Limited announced a change in the director’s interest, with Marina Simone Go acquiring 6,500 additional ordinary shares through an on-market trade. This transaction increases her total holdings to 23,535 shares, reflecting continued confidence in the company’s performance and potential growth. The acquisition, valued at $20,832.50, highlights the director’s commitment to the company’s future, potentially influencing stakeholder perceptions and market positioning.

More about Metcash Limited

Metcash Limited operates in the wholesale distribution and marketing industry, primarily focusing on supplying and supporting independent retailers across various sectors, including food, liquor, and hardware. The company plays a significant role in the Australian market, providing essential services and products to a wide range of businesses.

YTD Price Performance: -26.08%

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.21B

Learn more about MTS stock on TipRanks’ Stock Analysis page.

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