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An announcement from Sunshine Oilsands ( (HK:2012) ) is now available.
Sunshine Oilsands Ltd. reported that for the three and nine months ended September 30, 2025, the company had no bitumen production, and its average Dilbit sales volume was also zero. The company faces significant financial challenges, with only CAD0.54 million in cash and a reliance on financing and cash flow from operations to continue its projects. The company’s ability to continue as a going concern is uncertain, and it is dependent on successful operations at West Ells, favorable market conditions, and access to additional financing.
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 company focused on the development of oil sands resources in the Athabasca region of Alberta, Canada. The company holds approximately 1 million acres of oil sands and petroleum and natural gas leases, with significant commercial development potential. Its primary project is the West Ells thermal commercial project, which has a production capacity of 5,000 barrels per day, with plans to expand to 10,000 barrels per day when financing is available.
Average Trading Volume: 3,115,873
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$211.4M
Learn more about 2012 stock on TipRanks’ Stock Analysis page.