EchoIQ Director’s Stake Changes Spark Interest

EchoIQ Limited (AU:EIQ) has released an update.

EchoIQ Limited has disclosed a significant change in Director Steve Formica’s interests, revealing the acquisition of 5 million fully paid ordinary shares through the exercise of options and the disposal of an equivalent number of unlisted options. Following the transaction, Formica’s indirect holdings via Stevsand and Formica Investments include over 27 million shares and various sets of unlisted options. The financial community is taking note of these changes as they may reflect the director’s confidence in the company’s future.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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