InvestSMART

Develop Global Limited (ASX:DVP)

ALERT: Price-sensitive ASX Announcement for DVP
Current share price for DVP : $5.310 0.71 (15.43%)+
Announcement
Release
29 Jul 2026 6:23PM
Price at Release
$4.600
Full Release
download
Summary
Develop Global Limited (DVP) responded to a query from the ASX regarding a significant drop in its stock price and an increase in trading volume. The company stated that it is not aware of any undisclosed information that could explain the recent trading activity. However, a research report issued by a broker covering the company, which included a reduction in the 12-month price target, was noted. DVP confirmed compliance with ASX Listing Rule 3.1 and that its response was authorized by an officer with delegated authority. The company assured it follows continuous disclosure policies.
Key Points
  • DVP's stock price fell from $5.58 to an intraday low of $4.41.
  • Significant increase in trading volume of DVP's securities.
  • ASX queried DVP regarding undisclosed information affecting trading.
  • DVP unaware of any undisclosed information.
  • Broker's report reduced the 12-month price target for DVP.
  • DVP confirms compliance with Listing Rule 3.1.
  • Response was authorized by a company officer with delegated authority.
  • Continuous disclosure policies are being followed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.