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Red River Resources Ltd Director Paul Hart Increases Stake On-Market

Red River Resources Ltd's (ASX:RVR) Paul Hart, a non-executive director of the company, has increased his indirect stake through an on-market trade.

Hart acquired 114,000 shares for a consideration of $14,084, and now holds stakes of 5 million shares, 2.7 million shares and 1.5 million listed options.

Last month Red River wrapped up the Far West Up Dip Extension drilling program at the company's Thalanga Zinc Project in Queensland.

A resource estimate us expected in Q2.

Providing support, Perth-broker Hartleys has set a 12-month price target of $0.25 a share, while also applying a valuation of $0.31 a share.

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