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NEUTRAL

Unicorn Mineral Resources Director Increases Stake

Why we think this is neutral

The RNS announcement is for a director share purchase, which is not one of the mandatory news types that require detailed analysis. While director share purchases can be a positive signal, the information provided is limited and does not warrant a strong sentiment score.

Key Points

  • Director Patrick Doherty has purchased 350,000 shares in Unicorn Mineral Resources
  • The shares were purchased at a price of £0.06 per share

Summary

The mineral exploration company's director has purchased a significant number of shares, indicating confidence in the business.

Unicorn Mineral Resources plc (LSE: UMR), a mineral exploration and development company based in Ireland, has announced that its Director/PDMR Patrick Doherty, through his company Electro Automation Group, has purchased 350,000 ordinary shares in the company at a price of £0.06 per share.

DIRECTOR DEALINGS