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Adavale Resources Limited ( (AU:ADD) ) has issued an update.
Adavale Resources Limited has announced a change in the director’s interest, specifically regarding Allan Ritchie’s indirect interest in the company. The change involved the acquisition of 405,238 fully paid ordinary shares through an on-market trade, increasing his total holdings to 2,659,583 shares. This adjustment in shareholding could reflect a strategic move by the director, potentially impacting the company’s market perception and stakeholder confidence.
More about Adavale Resources Limited
Adavale Resources Limited operates in the resources sector, focusing on exploration and development of mineral resources. The company is involved in identifying and developing mining projects, with a particular emphasis on mineral exploration.
Average Trading Volume: 1,274,281
Technical Sentiment Signal: Sell
Current Market Cap: A$2.29M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.