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ADX Energy ( (AU:ADX) ) has issued an update.
ADX Energy issued 2 million unquoted options expiring in January 2028 at an exercise price of $0.039, completing a previously flagged Appendix 3B process that adds incentive-linked equity without immediate dilution. The fresh tranche of options bolsters the company’s capacity to reward participants in strategic transactions while keeping the securities unquoted, indicating targeted capital management aligned with ongoing exploration plans.
The most recent analyst rating on (AU:ADX) stock is a Hold 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 oil and gas explorer and developer focused on upstream hydrocarbon projects, listed on the ASX and engaged in acquiring and advancing exploration acreage.
Average Trading Volume: 1,909,184
Technical Sentiment Signal: Sell
Current Market Cap: A$23.21M
Find detailed analytics on ADX stock on TipRanks’ Stock Analysis page.