Neometals Directors Increase Stake Amid Share Transactions

Neometals Ltd (AU:NMT) has released an update.

Neometals Ltd has announced significant director and managerial dealings in its shares, with Managing Director Christopher Reed acquiring 1,000,000 shares, boosting his ownership to 1.5% of the company. Additionally, the company issued 400,157 new ordinary shares as performance rights were exercised by directors and employees under the Performance Rights Plan. These moves reflect strategic insider confidence in the company’s future growth prospects.

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