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ADX Energy ( (AU:ADX) ) just unveiled an announcement.
ADX Energy has issued 162,962,963 new ordinary fully paid shares without a disclosure document under the small-scale or other exemption provisions of Section 708 of the Corporations Act 2001. The company stated it remains compliant with its financial reporting and continuous disclosure obligations and confirmed there is no excluded information that would need to be disclosed to investors under the Act, signalling regulatory adherence around this capital issuance.
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 Australia-based energy company listed on the ASX that is engaged in the exploration and development of oil and gas assets. The company focuses on advancing its portfolio to create value for shareholders while complying with Australian corporate and securities regulations.
Average Trading Volume: 2,071,399
Technical Sentiment Signal: Sell
Current Market Cap: A$23.4M
For an in-depth examination of ADX stock, go to TipRanks’ Overview page.