Adavale Resources Limited (ADD.AX) – Market Snapshot and Capital‑Fundraising Announcement
1. Trading Performance
- Closing price (23 Oct 2026, 07:22 PM CET): AUD 0.03 (unchanged from the previous close).
- 24‑hour volume: AUD 84,300 worth of shares traded.
- Total shares outstanding: 395.8 million.
- Market capitalization: AUD 13.5 million.
- Price change since last month‑end: –20.93 %.
- Simple moving average (200 days): AUD 0.04.
- 52‑week range:
- High: AUD 0.06 (19 Jan 2026)
- Low: AUD 0.03 (25 Jun 2026)
2. Capital‑Fundraising Initiative
| Item | Detail |
|---|---|
| Announcement date | 22 Oct 2026 |
| Issue size | 91,476,473 new ordinary shares |
| Offering price | AUD 0.03000 per share |
| Placement capacity | 15 % of issued share capital, with an additional 10 % allowance |
| Funding purpose | 1. Accelerate exploration and development at the Parkes Project 2. Cover transaction costs 3. Support general working capital |
| Lead manager | Blue Ocean Equities Pty Ltd |
| Management and broker fee | 3 % of proceeds |
| Dividend policy | No changes announced |
The placement will be executed without the need for full security‑holder approval, allowing the company to raise capital efficiently.
3. Peer Performance (Last 24 Hours)
| Stock | Trade Change | Current Price (AUD) | Market Capitalisation (AUD) |
|---|---|---|---|
| Reach (RR1.AX) | 0 % | 0.01 | 15.9 million |
| Gale Pacific (GAP.AX) | 0 % | 0.08 | 16.0 million |
| Koonenberry Gold (KNB.AX) | 0 % | 0.02 | 15.8 million |
| Rhythm Biosciences (RHY.AX) | 0 % | 0.07 | 16.0 million |
| Pure One (P1E.AX) | 0 % | 0.04 | 16.0 million |
Pure One also reports a price‑earnings ratio of 2.4.
4. Company Background
Adavale Resources Ltd is an Australian‑listed company on the ASX All Markets. The firm focuses on the exploration and development of uranium assets within Australia. Further information is available on the company’s website: www.adavaleresources.com .