Auctus Advisors maintains 19c target for ADX Energy with shallow gas results pending
Auctus Advisors has maintained a 19c price target for ADX Energy as results from shallow gas drilling loom and it works towards a resource upgrade later this quarter.
In its research note, Auctus Advisors said its target, which was well above the current price of 2.9c, reflected the company’s producing assets and the potential of shallow gas targets and its Welchau project as well as the Italian permit based on anticipated farm-out terms.
0
likes
•
0
questions
•
0
company answers
Ask a question
Your question will be sent privately to ADX Energy. The company may choose to make this question public.
Investor Q&As
Start the conversation
Ask ADX Energy a question about this update.