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An update from ADX Energy ( (AU:ADX) ) is now available.
ADX Energy Ltd has announced a 31% increase in its prospective gas resource estimates for the C.R 150.AU Permit in the Sicily Channel, offshore Italy. This revision, based on new data and additional prospects, suggests a significant enhancement in the company’s resource base, potentially impacting its operational strategy and market positioning positively.
The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.
More about ADX Energy
ADX Energy Ltd is an energy company focused on the exploration and development of oil and gas resources. The company operates primarily in the Sicily Channel offshore Italy, where it holds a 100% interest in the C.R 150.AU Permit.
YTD Price Performance: -25.81%
Average Trading Volume: 1,324,166
Technical Sentiment Signal: Sell
Current Market Cap: A$16.94M
Learn more about ADX stock on TipRanks’ Stock Analysis page.