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Peninsula Energy ( (AU:PEN) ) has issued an announcement.
Peninsula Energy Limited announced a change in the director’s interest, specifically regarding David Coyne, who acquired 350,000 ordinary fully paid shares. This acquisition was made through a director subscription at the same price as a recent capital raising, following shareholder approval at an extraordinary general meeting. This change reflects a strategic move in the company’s governance, potentially impacting its market position and signaling confidence in its future prospects.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Average Trading Volume: 7,170,460
Technical Sentiment Signal: Sell
Current Market Cap: A$211.8M
For a thorough assessment of PEN stock, go to TipRanks’ Stock Analysis page.