tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Paterson Resources Director Increases Stake Through Rights Issue

Story Highlights
Paterson Resources Director Increases Stake Through Rights Issue

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Paterson Resources ( (AU:PSL) ) just unveiled an announcement.

Paterson Resources Ltd has announced a change in the director’s interest, with Director Matthew Bull acquiring 2,477,679 fully paid ordinary shares and an equal number of unlisted options. This acquisition was part of a rights issue, as outlined in the company’s prospectus, and reflects an increase in Bull’s stake in the company, potentially signaling confidence in the company’s future prospects and stability.

More about Paterson Resources

Paterson Resources Ltd is a company operating in the resources sector, focusing on the exploration and development of mineral resources. The company is involved in identifying and developing mining projects, with a market focus on maximizing shareholder value through strategic investments and resource management.

YTD Price Performance: 163.64%

Average Trading Volume: 1,871,968

Technical Sentiment Signal: Buy

Current Market Cap: A$15.8M

For an in-depth examination of PSL stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1