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Xanadu Mines Ltd

Xanadu Mines Ltd's director Andrew Stewart buys on-market

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Xanadu Mines Ltd's (ASX:XAM) executive director & chief executive officer, Andrew Stewart, has lifted his stake in the company through an on-market purchase.

Stewart now holds over 4 million shares, after snapping up 52,000 shares for $9700.

Xanadu has a clear focus to transition its exploration projects in the South Gobi of Mongolia into mineable deposits through discovery of high value copper, gold and gold resources.

Xanadu maintains support from an Australia-wide broker who has a Speculative Buy recommendation and price target of $0.51 per share.

Shares in the company last traded at $0.195.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Xanadu Mines Ltd

Price: $0.06

Market: ASX
Market Cap: $42.68 m
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on 20/3/19

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