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DevEx Resources Ltd ( (AU:DEV) ) just unveiled an announcement.
DevEx Resources Limited, a company listed on the Australian Securities Exchange (ASX: DEV), has announced a Share Purchase Plan (SPP) to allow eligible shareholders in Australia and New Zealand to purchase up to $30,000 worth of shares. This initiative is part of a larger capital raising effort to gather $32 million through the issuance of approximately 220.7 million shares at $0.145 per share. The SPP aims to raise up to $3 million, with the company retaining the discretion to accept more or less than this amount. The plan is open from today and will close on December 19, 2025, with the company reserving the right to close it early if necessary. This move is expected to bolster DevEx’s financial position and potentially enhance its market presence.
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
YTD Price Performance: 112.77%
Average Trading Volume: 978,187
Technical Sentiment Signal: Buy
Current Market Cap: A$88.34M
For detailed information about DEV stock, go to TipRanks’ Stock Analysis page.