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An announcement from Hastings Technology Metals Limited ( (AU:HAS) ) is now available.
Hastings Technology Metals Limited has completed the in-specie distribution of Metal Bank Limited shares to its shareholders following the divestment of its gold assets. This strategic move aligns with Hastings’ focus on its core rare earths business, potentially enhancing its market position by concentrating resources on the Yangibana Project, which is poised to become a significant global source of NdPr.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 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 is a Perth-based company specializing in rare earths, focusing on the development of the Yangibana Rare Earths and Niobium Project in Western Australia. This project is notable for its high-value deposits of NdPr, essential for manufacturing permanent magnets used in advanced technologies like electric vehicles and renewable energy systems. The project is fully permitted and aims to address the growing demand for rare earth elements driven by the global energy transition.
Average Trading Volume: 788,065
Technical Sentiment Signal: Hold
Current Market Cap: A$118.7M
For a thorough assessment of HAS stock, go to TipRanks’ Stock Analysis page.