The latest update is out from Ardea Resources Ltd. ( (AU:ARL) ).
Ardea Resources Ltd has issued 10,730,000 fully paid ordinary shares at $0.43 each to Sumitomo Metal Mining Co., Ltd as part of a placement. This issuance, announced on April 16, 2025, allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act, indicating compliance with relevant legal provisions and enabling liquidity for investors.
More about Ardea Resources Ltd.
Ardea Resources Ltd is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is involved in producing various mineral products, with a market focus on expanding its resource base and enhancing shareholder value.
YTD Price Performance: 29.55%
Average Trading Volume: 14,374
Technical Sentiment Signal: Sell
Current Market Cap: $56.36M
See more data about ARL stock on TipRanks’ Stock Analysis page.