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The latest update is out from Adavale Resources Limited ( (AU:ADD) ).
Adavale Resources Limited announced the expiry of 27,135,930 quoted options exercisable at $0.60 each, set to lapse on December 31, 2025. The options are significantly out of the money, with the last closing market price of the underlying shares at $0.052, leading the company to decide against sending expiry notices to option holders. This decision reflects the current market conditions and the company’s strategic approach to managing its financial instruments.
More about Adavale Resources Limited
Adavale Resources Limited is a company listed on the Australian Securities Exchange (ASX) under the ticker ADD. The company is involved in the resources sector, focusing on exploration and development activities.
Average Trading Volume: 1,294,963
Technical Sentiment Signal: Sell
Current Market Cap: A$14M
Find detailed analytics on ADD stock on TipRanks’ Stock Analysis page.