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GBM Resources Announces Director’s Interest Change

Story Highlights
  • GBM Resources Limited announced a change in director Andrew Krelle’s interest.
  • The change involves acquiring shares and disposing performance rights, reflecting a strategic realignment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GBM Resources Announces Director’s Interest Change

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GBM Resources Limited ( (AU:GBZ) ) has issued an update.

GBM Resources Limited has announced a change in the director’s interest notice, specifically involving Andrew Krelle. The changes include the acquisition of 5,000,000 fully paid ordinary shares and the disposal of 5,000,000 performance rights, resulting in a total holding of 30,000,000 shares and 20,000,000 performance rights. This adjustment reflects the conversion of performance rights upon meeting market vesting conditions, indicating a strategic realignment of the director’s investment in the company.

The most recent analyst rating on (AU:GBZ) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBZ Stock Forecast page.

More about GBM Resources Limited

Average Trading Volume: 15,231,100

Technical Sentiment Signal: Hold

Current Market Cap: A$213.8M

For a thorough assessment of GBZ stock, go to TipRanks’ Stock Analysis page.

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