Morgan Stanley Acquires Substantial Stake in ADX Energy

ADX Energy (AU:ADX) has released an update.

Morgan Stanley, through various subsidiaries, has become a substantial holder in ADX Energy Ltd, now wielding a 5.50% voting power with 31,230,240 ordinary shares. The financial giant reached this position on May 28, 2024, and made significant purchases leading up to this date, including a large institutional placement. This strategic move by Morgan Stanley could signal a growing interest in ADX Energy’s market potential.

For further insights into AU:ADX stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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