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Sunshine Oilsands ( (HK:2012) ) has issued an update.
Sunshine Oilsands Ltd. announced the acquisition of an 80% equity interest in Ideal Harbor Limited for HK$8,000,000. This strategic acquisition, involving a company engaged in investment holding with stakes in high-tech enterprises like Phononic, Inc., is expected to enhance Sunshine Oilsands’ market positioning and operational capabilities.
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 focused on developing its substantial holdings of oil sands and heavy oil leases in the Athabasca oil sands region of Alberta, Canada. The company is currently concentrating on milestone projects in the West Ells area.
Average Trading Volume: 4,044,999
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$262.8M
For detailed information about 2012 stock, go to TipRanks’ Stock Analysis page.