Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Matsa Resources Limited ( (AU:MAT) ) has shared an update.
Matsa Resources Limited announced that it has received an early payment of A$1.5 million from AngloGold Ashanti Australia Limited as part of the Tenements Option Agreement for the Lake Carey Gold Project. This payment, which is the second installment, contributes to a total of A$7.2 million received by Matsa from AngloGold Ashanti, indicating a strong ongoing partnership and financial inflow that could enhance Matsa’s operational capabilities and market position.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is involved in projects such as the Lake Carey Gold Project, positioning itself within the gold mining sector.
YTD Price Performance: 242.86%
Average Trading Volume: 2,648,370
Technical Sentiment Signal: Buy
Current Market Cap: A$113.4M
For an in-depth examination of MAT stock, go to TipRanks’ Overview page.