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The latest announcement is out from Hastings Technology Metals Limited ( (AU:HAS) ).
Hastings Technology Metals Limited has announced the issuance of 13,824,000 shares at $0.025 each to professional and sophisticated investors through a share placement. This move, conducted without disclosure under the Corporations Act, aligns with the company’s compliance with relevant legislative provisions and does not involve any excluded information. This share issuance is expected to bolster the company’s financial position, potentially enhancing its capability to advance its projects and maintain its competitive edge in the rare earth metals market.
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 metals. The company is primarily engaged in producing and supplying critical minerals that are essential for various high-tech and green energy applications.
Average Trading Volume: 224,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$60.06M
Find detailed analytics on HAS stock on TipRanks’ Stock Analysis page.