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DevEx Resources Ltd ( (AU:DEV) ) has provided an announcement.
DevEx Resources Limited, a company listed on the Australian Securities Exchange, has requested a trading halt in its securities. This halt is pending the announcement of a material capital raising, specifically the completion of the bookbuild process. The trading halt is expected to remain in place until the announcement is made or until normal trading resumes on December 3, 2025. This move is significant as it indicates a strategic financial maneuver by the company, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.17 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
YTD Price Performance: 80.85%
Average Trading Volume: 859,510
Technical Sentiment Signal: Hold
Current Market Cap: A$75.09M
For a thorough assessment of DEV stock, go to TipRanks’ Stock Analysis page.