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An announcement from DevEx Resources Ltd ( (AU:DEV) ) is now available.
DevEx Resources Limited has issued 110,422,667 fully paid ordinary shares as part of a tranche 1 placement, without disclosure to investors under the Corporations Act. This strategic move is compliant with relevant provisions of the Corporations Act, indicating a robust adherence to regulatory standards, which may enhance the company’s financial position and operational capabilities.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
More about DevEx Resources Ltd
DevEx Resources Limited operates in the resources industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker DEV.
YTD Price Performance: 96.81%
Average Trading Volume: 993,444
Technical Sentiment Signal: Buy
Current Market Cap: A$88.34M
See more insights into DEV stock on TipRanks’ Stock Analysis page.