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An update from Adavale Resources Limited ( (AU:ADD) ) is now available.
Adavale Resources Limited has requested an immediate trading halt on its securities on the ASX while it prepares an announcement regarding a capital raising. The halt will remain in place until either the capital raising announcement is released or normal trading resumes on Monday, 2 February 2026. The move signals that Adavale is in the process of securing new funding, which may impact its capital structure and near-term liquidity, and could be material for existing shareholders and prospective investors awaiting clarity on the terms of the raising.
The most recent analyst rating on (AU:ADD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Adavale Resources Limited stock, see the AU:ADD Stock Forecast page.
More about Adavale Resources Limited
Adavale Resources Limited (ASX: ADD) is an Australia-based resources company, with its securities listed on the Australian Securities Exchange and corporate offices in West Leederville, Western Australia. The company operates within the broader mining and resources sector, targeting investors interested in exploration and resource development opportunities.
Average Trading Volume: 617,529
Technical Sentiment Signal: Sell
Current Market Cap: A$14.8M
For an in-depth examination of ADD stock, go to TipRanks’ Overview page.