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Sunshine Oilsands ( (HK:2012) ) just unveiled an update.
Sunshine Oilsands Ltd. announced a discloseable and connected transaction involving the acquisition of a 51% equity interest in a target company. The acquisition will be facilitated through the issuance of consideration shares under a specific mandate. The valuation of the target company was conducted using a discounted cash flow method, which forecasts future cash flows based on assumptions about the company’s future performance. This strategic move is expected to enhance Sunshine Oilsands’ market positioning by expanding its asset base and potentially increasing future profitability.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada. It operates in the oil sands industry and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 3,109,299
Technical Sentiment Signal: Sell
Current Market Cap: HK$291.4M
For a thorough assessment of 2012 stock, go to TipRanks’ Stock Analysis page.