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ADX Energy ( (AU:ADX) ) has issued an announcement.
ADX Energy has disclosed a change in director Ian Tchacos’s interests in the company’s securities, filed in accordance with ASX listing rules. Through his indirect holding vehicle Eonia Pty Ltd, where he is a director and shareholder, Tchacos acquired 3,846,154 fully paid ordinary shares and 1,923,077 free attaching unlisted options exercisable at 3.9 cents and expiring on 17 January 2028. The transaction increases the director’s indirect stake in the company and may be read by investors as a signal of confidence in ADX Energy’s prospects, while also incrementally raising potential future dilution through the newly issued options.
The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 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 Australian-listed energy company focused on exploration and production of oil and gas resources. The company is active in acquiring and developing petroleum assets, providing investors with exposure to upstream energy projects through its ordinary shares and associated equity instruments traded on the ASX.
Average Trading Volume: 1,577,364
Technical Sentiment Signal: Sell
Current Market Cap: A$20.18M
For an in-depth examination of ADX stock, go to TipRanks’ Overview page.