Latest news with #ZenithMinerals
Yahoo
4 days ago
- Business
- Yahoo
Favourable Signals For Zenith Minerals: Numerous Insiders Acquired Stock
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Zenith Minerals Limited (ASX:ZNC), that sends out a positive message to the company's shareholders. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Zenith Minerals Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Managing Director & Director Andrew R. Smith for AU$96k worth of shares, at about AU$0.03 per share. That implies that an insider found the current price of AU$0.03 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Zenith Minerals insiders decided to buy shares at close to current prices. Zenith Minerals insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Check out our latest analysis for Zenith Minerals Zenith Minerals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Zenith Minerals Insiders Bought Stock Recently It's good to see that Zenith Minerals insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought AU$110k worth of shares. This makes one think the business has some good points. Insider Ownership Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Zenith Minerals insiders own about AU$2.3m worth of shares (which is 15% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! So What Does This Data Suggest About Zenith Minerals Insiders? The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Zenith Minerals insiders are expecting a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Zenith Minerals (3 are a bit concerning!) and we strongly recommend you look at these before investing. But note: Zenith Minerals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Favourable Signals For Zenith Minerals: Numerous Insiders Acquired Stock
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Zenith Minerals Limited (ASX:ZNC), that sends out a positive message to the company's shareholders. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Zenith Minerals Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Managing Director & Director Andrew R. Smith for AU$96k worth of shares, at about AU$0.03 per share. That implies that an insider found the current price of AU$0.03 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Zenith Minerals insiders decided to buy shares at close to current prices. Zenith Minerals insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Check out our latest analysis for Zenith Minerals Zenith Minerals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Zenith Minerals Insiders Bought Stock Recently It's good to see that Zenith Minerals insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought AU$110k worth of shares. This makes one think the business has some good points. Insider Ownership Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Zenith Minerals insiders own about AU$2.3m worth of shares (which is 15% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! So What Does This Data Suggest About Zenith Minerals Insiders? The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Zenith Minerals insiders are expecting a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Zenith Minerals (3 are a bit concerning!) and we strongly recommend you look at these before investing. But note: Zenith Minerals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
News.com.au
16-06-2025
- Business
- News.com.au
Break it Down: Raising funds to boost gold push
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at Zenith Minerals (ASX:ZNC), which has announced a fully underwritten, non-renounceable entitlement offer to raise up to $3.5 million to accelerate exploration and resource growth at its Dulcie project in WA and Red Mountain project in Queensland. Watch the video to hear all about it. While Zenith Minerals is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Raising funds to boost gold push
News.com.au
27-05-2025
- Business
- News.com.au
Queensland moves to future-proof resources sector
Falling coal prices prompt Queensland to accelerate shift into diversified resources Explorers gain active support from Crisafulli Government as they look to bring projects into development QMines and Zenith Minerals discuss how government backing is advancing their projects As coal prices continue to fall, Queensland — Australia's top coal producing state — is looking to diversify by increasing its push into other resources, targeting faster project approvals and rapid development. Closure of the Mt Isa copper smelter has been viewed as a major blow to Queensland's renowned Northwest Minerals Province and copper industry but the state's mining sector extends far beyond Mt Isa. With active support from the Crisafulli Government, central Queensland explorers say their respective projects are progressing faster towards development. This not only serves to fuel the state's economy but supports its transition to net zero, drives regional jobs and supercharges Queensland's critical minerals capability. At the heart of the coal to copper transition Copper explorer QMines (ASX:QML) is on its way to becoming a 10,000-20,000tpa copper equivalent producer at the Mt Chalmers copper-gold mine, with a pre-feasibility study last year indicating a 10.4-year project costing $191m with a 1.8-year payback and NPV of $373m. Since listing in May 2021, QML has acquired two projects, as well as five rural properties, drilled at least 40,000m and delivered seven resource upgrades at Mt Chalmers about 90km from Rockhampton. As part of its growth strategy, the company is working to double its planned production rate, focusing on the acquisition of regional deposits capable of supporting a centralised processing hub at Mt Chalmers, while also advancing exploration to expand and upgrade current resources and convert historical resources into reserves. Speaking with Stockhead, QML managing director Andrew Sparke said QMines saw itself right at the centre of the transition to critical metals. 'I need to start by saying coal is a very important contributor to the State Government purses, we have a lot of great coal mines that generate a lot of value for Queenslanders and Australia,' he said. 'But there is a transition going on and it puts us in a very good position given we own the historical Mt Chalmers copper-gold mine but also considering the flurry of acquisitions we've done in the Central Queensland region over the last couple of years. 'We've bought the high-grade copper-zinc project at Devlin Creek, which settled in September last year, and we've just announced the acquisition of the Mount Mackenzie project, all in the central Queensland region,' he said. 'What that means is, over time, there will be more and more jobs coming online from these newer energy transition metals as the world diversifies its energy mix. 'I think it's a great hedge for the Queensland community that we have a lot of these new energy metals in Queensland which can pick up the slack in terms of jobs, royalty funds, and also in terms of the engineering and industry capabilities the state has.' Speeding up the approvals process According to Sparke, the new Queensland Government is making a concerted effort to improve regulatory efficiency by simplifying permitting, reducing delays and expediting the approvals process. 'There's a new program underway at the moment that waives tenement holding costs for a period of five years,' he said. 'There're also some collaborative grants for new exploration ideas where they'll co-fund drilling for explorers to make new discoveries in this space, so they're doing a lot and being very proactive in terms of trying to foster these new energy transition metals. 'It's nice to see that change of perspective, that mining is important to the prosperity of Queensland and Australia and we need to co-exist to create jobs which leads to a better standard of living.' Support for Red Mountain drilling Multi-commodity explorer Zenith Minerals (ASX:ZNC) owns the Red Mountain project in central Queensland's Auburn Arch, a region known for its rich mineral endowment. Discovered by ZNC in 2017, the project presents significant gold and silver mineralisation, with associated copper and molybdenum at depth. The mineralisation is hosted within a large breccia pipe system and shares similarities to other major gold deposits such as Mt Wright, Mt Leyshon and Mt Rawdon. ZNC managing director Andrew Smith echoed QMines' view, noting that the world was undergoing a fourth industrial revolution marked by a shift from hydrocarbons to a renewable-based economy. 'Governments are recognising that the transition requires critical minerals and key elements such as such as copper and they're passing policies in Queensland and in the Federal Government to support these initiatives,' he said. 'What we're seeing on the ground is the pointy end of the stick, which is the recent grant that has enabled us to de-risk this project.' Last month, the company secured a $275,000 Queensland Government grant under Round 9 of the Collaborative Exploration Initiative (CEI) - a state program designed to encourage discovery of critical minerals - to support deep diamond drilling at Red Mountain, highlighting the project's strategic position in the search for critical and precious minerals. ZNC exploration manager Danny Greene said Queensland was quite unique in terms of the grant funding offered. 'Generally, with state funding, it's co-funded and is normally capped at 50% - the company pays 50% and the government pays 50% but in Queensland, they've gone the extra yard,' he said. 'They offer 100% of the funding and it's generally a bit more lenient on where you can allocate that funding as well, so they are super supportive in that regard.' Upcoming drilling at the project in July is designed to unlock the project's primary gold mineralisation, while also tapping into the copper and molybdenum mineralisation at depth. The company will target what it believes could be a significant gold system with copper and molybdenum as part of a potential broader porphyry-style, intrusion-related mineralising event.
