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Andromeda Metals Seeks ASX Quotation for Additional Ordinary Shares

Story Highlights
  • Andromeda Metals has applied to list 128,571 new fully paid ordinary shares on the ASX.
  • The additional shares arise from converted securities, modestly expanding the company’s tradable equity base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Andromeda Metals Seeks ASX Quotation for Additional Ordinary Shares

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Andromeda Metals Limited ( (AU:ADN) ) has provided an update.

Andromeda Metals Limited has applied to the ASX for quotation of 128,571 new fully paid ordinary shares, issued on 16 January 2026. The modest increase in quoted securities reflects the conversion or exercise of existing options or other convertible instruments, slightly expanding the company’s share base and providing additional tradable equity for investors without indicating a major capital raising or structural change.

The most recent analyst rating on (AU:ADN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Andromeda Metals Limited stock, see the AU:ADN Stock Forecast page.

More about Andromeda Metals Limited

Andromeda Metals Limited is an Australian-listed resources company trading under the ASX code ADN. The company operates in the mining and exploration sector, with its activities centred on the development and commercialisation of mineral assets in Australia.

Average Trading Volume: 14,528,274

Technical Sentiment Signal: Hold

Current Market Cap: A$73.94M

See more insights into ADN stock on TipRanks’ Stock Analysis page.

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