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Adavale Resources Limited ( (AU:ADD) ) has issued an update.
Adavale Resources Limited announced the consolidation of its share capital on a 1 for 20 basis, following shareholder approval. This action affects the trading of the company’s securities, which will occur on a post-consolidation and deferred settlement basis starting July 1, 2025, with normal trading resuming on July 10, 2025. The consolidation aims to streamline the company’s capital structure, potentially impacting shareholder value and market perception.
More about Adavale Resources Limited
Adavale Resources Limited is engaged in the exploration of gold and copper in the NSW Lachlan Fold Belt, uranium in South Australia, and nickel sulphide in Tanzania. The company holds significant interests in the Parkes Gold and Copper Project, the South Australian Uranium Portfolio, and the Kabanga Jirani Nickel Project, with a focus on highly prospective regions known for their rich mineral deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.29M
Find detailed analytics on ADD stock on TipRanks’ Stock Analysis page.