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Hastings Technology Metals Director Increases Stake in Capital Raise

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Hastings Technology Metals Director Increases Stake in Capital Raise

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An update from Hastings Technology Metals Limited ( (AU:HAS) ) is now available.

Hastings Technology Metals Limited announced a change in the director’s interest, with Director Foon Keong (Charles) Lew acquiring 801,250 ordinary shares through participation in a capital raise approved by shareholders. This acquisition reflects the company’s ongoing efforts to strengthen its financial position and support its strategic initiatives, potentially impacting its market presence and stakeholder confidence.

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 green technologies.

Average Trading Volume: 217,089

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$61.36M

Find detailed analytics on HAS stock on TipRanks’ Stock Analysis page.

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