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
Hastings Technology Metals Limited ( (AU:HAS) ) has issued an update.
Hastings Technology Metals Ltd has received shareholder approval for the in-specie distribution of Metal Bank (MBK) Consideration Shares related to the divestment of its gold assets. The completion of this divestment is scheduled for December 5, 2025, marking a strategic move to provide shareholders with liquidity and investment opportunities in both rare earth and gold resources. Tim Gilbert has been appointed as CEO of MBK, and Charles Lew will join the MBK Board as a non-executive director, indicating a strengthened leadership team post-divestment.
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 Ltd is a company operating in the mining industry, primarily focusing on rare earth elements and gold assets. The company is involved in the exploration and development of mineral projects, with a market focus on providing resources for technology and industrial applications.
Average Trading Volume: 774,498
Technical Sentiment Signal: Hold
Current Market Cap: A$124.5M
For a thorough assessment of HAS stock, go to TipRanks’ Stock Analysis page.