TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hammer Metals Limited ( (AU:HMX) ) has issued an update.
Hammer Metals Limited has expanded its Western Australian gold exploration portfolio by securing an option to acquire the Mount Sefton Gold Project from Casino Mining Pty Ltd. The project is located in the under-explored Mount Sefton Greenstone Belt, which is promising due to its proximity to the world-class Gruyere gold deposit. The company is enthusiastic about the potential of the project, given the historical gold and arsenic anomalies found in the area. This expansion aligns with Hammer Metals’ strategy to explore and develop significant gold resources in familiar terrains, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:HMX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Hammer Metals Limited stock, see the AU:HMX Stock Forecast page.
More about Hammer Metals Limited
Hammer Metals Limited is a company engaged in the exploration and development of gold and other mineral resources. The company focuses on expanding its portfolio in Western Australia, particularly in under-explored greenstone belts, to discover significant gold resources.
Average Trading Volume: 1,062,154
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$20.53M
See more data about HMX stock on TipRanks’ Stock Analysis page.