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ADX Energy ( (AU:ADX) ) just unveiled an update.
ADX Energy has issued 6,062,695 ordinary fully paid shares without a disclosure document under the small-scale exemption provisions of the Corporations Act. The company states it remains compliant with financial reporting and continuous disclosure obligations, and confirms there is no excluded information that would require additional disclosure, signalling that the share issuance sits within its existing regulatory and governance framework.
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, operating in the oil and gas sector. The company is engaged in exploration and production activities and is subject to Australian corporate reporting and continuous disclosure requirements under the Corporations Act.
Average Trading Volume: 1,909,184
Technical Sentiment Signal: Sell
Current Market Cap: A$23.21M
For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.