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Redox Limited ( (AU:RDX) ) just unveiled an announcement.
Redox Limited, a company listed on the ASX, has responded to a price query from ASX Compliance regarding recent trading activity in its securities. The company stated it is not aware of any undisclosed information that could explain the trading fluctuations. Redox attributes the trading activity to external macro-economic factors, a revision of earnings forecasts by Morgan Stanley, and low liquidity in its securities. The company confirmed its compliance with ASX Listing Rules and that its responses have been authorized by its Board.
The most recent analyst rating on (AU:RDX) stock is a Buy with a A$3.08 price target. To see the full list of analyst forecasts on Redox Limited stock, see the AU:RDX Stock Forecast page.
More about Redox Limited
Average Trading Volume: 615,085
Technical Sentiment Signal: Sell
Current Market Cap: A$1.39B
For a thorough assessment of RDX stock, go to TipRanks’ Stock Analysis page.