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An announcement from DevEx Resources Ltd ( (AU:DEV) ) is now available.
DevEx Resources Limited has issued 16 million unquoted options and 9.9 million performance rights under its employee incentive scheme, with both classes of securities allotted on 23 January 2026. The grant of these unquoted equity incentives is designed to align employees’ and executives’ interests with shareholder value creation, potentially affecting the company’s capital structure over time through future conversions while supporting staff retention and performance in a competitive resources sector.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 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 is an Australian-listed resources company (ASX: DEV) operating in the mining and exploration sector. The company is engaged in identifying, acquiring and advancing mineral projects, with its activities focused on exploration and development to create value for shareholders in the resources industry.
YTD Price Performance: 34.29%
Average Trading Volume: 1,611,951
Technical Sentiment Signal: Buy
Current Market Cap: A$141M
For an in-depth examination of DEV stock, go to TipRanks’ Overview page.