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Hastings Technology Metals Limited ( (AU:HAS) ) has shared an announcement.
Hastings Technology Metals Limited has announced the issuance of 13,824,000 shares to professional and sophisticated investors at $0.25 per share, as part of a share placement under the Corporations Act. This move is expected to bolster the company’s financial position, enabling further development of its rare earth projects, thereby strengthening its market position in the rare earth elements industry.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
More about Hastings Technology Metals Limited
Hastings Technology Metals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements. The company is primarily engaged in the production of neodymium and praseodymium, which are critical components in the manufacturing of permanent magnets used in various high-tech and clean energy applications.
Average Trading Volume: 219,033
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$60.06M
For an in-depth examination of HAS stock, go to TipRanks’ Overview page.