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An announcement from ADX Energy ( (AU:ADX) ) is now available.
ADX Energy has issued 4,615,384 ordinary fully paid shares without a disclosure document under the small-scale or exempt provisions of Section 708 of the Corporations Act. The company confirms it remains compliant with its financial reporting and continuous disclosure obligations and states there is no excluded information requiring disclosure, signalling that the new share issue is being undertaken within existing regulatory frameworks and without undisclosed price-sensitive information for investors.
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 on the ASX, focused on the exploration and development of oil and gas assets. Operating under Australian corporate and reporting standards, the company is subject to the disclosure and compliance requirements of the Corporations Act for its capital market activities.
Average Trading Volume: 1,577,364
Technical Sentiment Signal: Sell
Current Market Cap: A$20.18M
For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.