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Ardiden
(OTC:ADV)
Ardiden (ADV) vs. iShares MSCI Australia ETF (EWA)
Ardiden Business Overview & Revenue Model
Ardiden Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | -225.94K | 0.00 | 13.51K | 1.25K | 200.58K |
| Gross Profit | 0.00 | -225.94K | -73.00K | -109.00K | -106.57K | 170.86K |
| EBITDA | -1.23M | -1.45M | -10.12M | 15.90M | -1.79M | -1.21M |
| Net Income | -1.37M | -1.37M | -10.19M | 15.75M | 2.87M | -1.23M |
Balance Sheet | ||||||
| Total Assets | 30.62M | 30.62M | 31.80M | 42.29M | 27.72M | 17.24M |
| Cash, Cash Equivalents and Short-Term Investments | 11.68M | 11.44M | 11.84M | 18.88M | 4.37M | 1.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 58.20K | 124.57K | 187.14K |
| Total Liabilities | 127.06K | 127.06K | 116.28K | 361.09K | 1.77M | 533.96K |
| Stockholders Equity | 30.49M | 30.49M | 31.69M | 41.93M | 25.95M | 16.70M |
Cash Flow | ||||||
| Free Cash Flow | 444.22K | 444.22K | 1.35M | -8.63M | -6.20M | -5.01M |
| Operating Cash Flow | 639.47K | 639.47K | 2.20M | -2.04M | -1.43M | -854.73K |
| Investing Cash Flow | -156.06K | -156.06K | -519.76K | 7.12M | -1.52M | -4.23M |
| Financing Cash Flow | 0.00 | 0.00 | -35.29K | -67.86K | 6.05M | 4.83M |
Ardiden Technical Analysis
Ardiden Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$79.52M | -16.82 | -4.27% | ― | ― | 86.51% | |
49 Neutral | AU$13.27M | -46.67 | -2.80% | ― | ― | -107.50% | |
45 Neutral | AU$5.35M | ― | -7.78% | ― | ― | ― | |
45 Neutral | AU$24.32M | -2.94 | -125.25% | ― | ― | -17.24% |
Ardiden Corporate Events
Ardiden Limited, listed on the ASX under the symbol ADV, has announced changes in substantial holdings related to its voting securities. Treasury Services Group Pty Ltd ATF Nero Resource Fund has ceased being a substantial holder following its participation in a placement and the dilution of a recent share issuance. The shifts in holdings underscore increased financial activity for the company, potentially affecting its governance framework and shareholder dynamics.
Churchill Strategic Investments Group Pty Ltd has ceased to be a substantial holder in Ardiden Limited as of December 4, 2025. This change was due to a dilution from a recent placement and participation in the placement, affecting 9,000,000 and 5,000,000 securities respectively. This development may impact Ardiden’s shareholder structure and potentially influence its market positioning.
Ardiden Limited has announced that it no longer holds a substantial interest in its own voting securities following a general meeting held on November 26, 2025. This change is due to a voting intention deed with Treasury Services Group Pty Ltd and Churchill Strategic Investments Group Pty Ltd, resulting in the cessation of Ardiden’s substantial holding status, impacting over 9 million shares.
Ardiden Ltd has announced a change in the interests of its director, Jeremy Robinson, involving an acquisition of shares and performance rights. Robinson’s indirect interest through Churchill Strategic Investments Group Pty Ltd increased by 5,000,000 fully paid shares, and his direct interest now includes additional performance rights. These changes were approved by shareholders and are part of a strategic placement and merger with Lac Gold, potentially impacting Ardiden’s market positioning and shareholder value.
Ardiden Ltd has announced the appointment of Andrew Stocks as a director, effective from December 4, 2025. Stocks holds 9,159,393 fully paid ordinary shares and 6,000,000 performance rights with various conditions tied to the company’s future achievements in mineral resource announcements and share price performance. This appointment and the associated performance rights indicate Ardiden’s strategic focus on advancing its projects and enhancing shareholder value.
Ardiden Limited has issued 151,388,889 fully paid ordinary shares as part of its merger with Lac Gold Limited and a capital raising effort. This strategic move aims to strengthen Ardiden’s market position and expand its operations, potentially benefiting stakeholders by enhancing the company’s growth prospects.
Ardiden Ltd has announced the issuance of unquoted equity securities, specifically performance rights across six tranches, totaling 20 million securities. This strategic move is part of a previously announced transaction, indicating Ardiden’s efforts to enhance its operational framework and potentially strengthen its market position.
Ardiden Ltd has announced the issuance of 101,388,889 fully paid ordinary securities, as part of a previously disclosed transaction. This move is likely to impact the company’s capital structure and could influence its market positioning by potentially increasing its financial resources for ongoing and future projects.
Ardiden Ltd has announced the issuance of 50 million ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of December 4, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering opportunities for stakeholders.
Ardiden Ltd has completed its merger with Lac Gold Limited, acquiring 100% of its shares, and now controls two major gold projects in Canada. The merger enhances Ardiden’s financial position with over $20 million in cash and strengthens its leadership team, positioning the company for long-term value creation. The reconstituted board, led by Ian Hume, is set to drive the integration and development of the Rouyn and Pickle Lake projects, with immediate plans for drilling and exploration. The merger is expected to provide operational continuity and governance alignment, benefiting stakeholders and enhancing Ardiden’s industry positioning.
Ardiden Limited announced that all resolutions at their Annual General Meeting were passed, facilitating the completion of their merger with Lac Gold scheduled for December 1, 2025. The approval of these resolutions, including a special resolution, indicates strong shareholder support and is expected to enhance Ardiden’s market position and operational capabilities.
Ardiden Limited, in collaboration with Lac Gold Limited, is positioning itself to become Canada’s next mid-tier gold company. The announcement at the Annual General Meeting highlights the company’s strategic focus on advancing its gold projects in Quebec, which could significantly impact its operational capabilities and market standing.
Ardiden Ltd has announced a change in the interest of its director, Douglas Jendry, who has exercised 1,000,000 unlisted options to acquire an equivalent number of fully paid ordinary shares at an exercise price of A$0.20 each. This transaction, which does not involve any change in the total number of securities held, reflects a strategic move by the director to convert options into shares, potentially signaling confidence in the company’s future performance.
Ardiden Limited has announced the issuance of 1,000,000 fully paid ordinary shares following the exercise of unlisted options at an exercise price of $0.20. This move is facilitated under the exemption provided by section 708A(5) of the Corporations Act, allowing the shares to be sold without disclosure. The company has confirmed compliance with relevant provisions of the Corporations Act, ensuring transparency and adherence to regulatory requirements.
Ardiden Ltd has announced the issuance of 1,000,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code ADV. This move reflects the company’s ongoing efforts to enhance its market presence and potentially attract more investors, thereby strengthening its financial position.
Ardiden Ltd has announced a merger with Lac Gold, creating a leading Canadian gold exploration and development company. This merger is expected to enhance Ardiden’s position in the industry by consolidating resources and expanding its project portfolio, potentially leading to increased operational efficiencies and greater market influence.
Ardiden Limited has announced a transformational merger with Lac Gold Limited, the owner of the Rouyn Gold Project in Québec, Canada. This merger combines Ardiden’s Pickle Lake Gold Project with Lac Gold’s advanced-stage Rouyn Project, creating a well-funded dual-asset company with a balanced portfolio of gold assets. The merger is strategically timed with favorable gold market conditions and is expected to enhance Ardiden’s market presence, operational synergies, and growth potential. The Ardiden Board and major shareholders support the merger, which awaits shareholder approval. The combined company will focus on disciplined exploration and resource expansion to create long-term shareholder value.
Ardiden Limited has announced its annual general meeting scheduled for November 26, 2025, in West Perth, Australia. This meeting is a critical event for shareholders, providing an opportunity to discuss the company’s strategic direction and operational updates, which could influence its market positioning and stakeholder engagement.
Ardiden Ltd announced a transformational merger with Lac Gold, aiming to create a leading Canadian gold exploration and development company. This strategic move is expected to enhance Ardiden’s market positioning and operational capabilities, potentially offering significant opportunities for stakeholders involved in the gold exploration sector.
Ardiden Ltd has announced a proposed issue of securities, involving the issuance of performance rights across six tranches, totaling 20 million securities. This strategic move is aimed at enhancing the company’s capital structure and potentially increasing its market positioning, with the proposed issue date set for December 3, 2025.
Ardiden Ltd has announced a proposed issue of 101,388,889 ordinary fully paid securities, with the issue date set for December 3, 2025. This move is part of a placement or other type of issue, and the company has applied for these securities to be quoted on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.
Ardiden Ltd has announced a merger with Lac Gold Limited, creating a dual-asset Canadian gold exploration and development company. This merger consolidates high-grade assets, providing a clear pathway to development and potential resource expansion. The combined entity will benefit from strategic locations in Canada’s prolific gold regions, a strong leadership team, and a well-funded position to advance its projects, promising long-term value for shareholders.
Ardiden Ltd, a company listed on the Australian Securities Exchange, has requested a voluntary suspension of its securities from quotation. This suspension is to finalize a major gold acquisition and capital raising. The suspension will remain in effect until the company announces the confirmation of the transaction and capital raising, or until the commencement of trade on 13th October 2025.
Ardiden Ltd, a company listed on the Australian Securities Exchange (ASX) under the code ADV, has requested a trading halt on its securities. This pause in trading is to allow the company to consider a significant gold acquisition and a capital raising initiative. The trading halt is expected to last until the company releases an announcement regarding the transaction or until normal trading resumes on October 10, 2025. This move could potentially impact Ardiden’s market positioning and stakeholder interests as it suggests a strategic expansion in its operations.