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The latest announcement is out from ADX Energy ( (AU:ADX) ).
ADX Energy Ltd has notified the market of the issue of 84.6 million unlisted options with an exercise price of 3.9 cents and an expiry date of 17 January 2028. The options, which are unquoted and not intended to be quoted on the ASX, were issued as part of a previously flagged transaction, signalling a further use of equity-linked incentives or financing that could lead to future dilution if exercised and potentially support the company’s capital management and growth plans.
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
Average Trading Volume: 1,577,364
Technical Sentiment Signal: Sell
Current Market Cap: A$20.18M
See more data about ADX stock on TipRanks’ Stock Analysis page.