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An announcement from Sunshine Oilsands ( (HK:2012) ) is now available.
Sunshine Oilsands Ltd. has entered into a non-binding strategic cooperation agreement with BitCruiser Incorporated to establish a large-scale Bitcoin mining farm. Sunshine will provide work and accommodation space and energy supply, while BitCruiser will invest in Bitcoin mining equipment and construction. This collaboration marks a diversification from Sunshine’s traditional oil sands focus, potentially impacting its operations and market positioning.
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 public corporation based in Calgary, Alberta, and listed on the Hong Kong Stock Exchange since 2012. The company focuses on developing its oil sands and heavy oil leases in the Athabasca oil sands region, with interests in petroleum and natural gas leases. Currently, it is working on the West Ells project area, aiming for an initial production target of 5,000 barrels per day.
YTD Price Performance: -14.66%
Average Trading Volume: 3,059,214
Technical Sentiment Signal: Sell
Current Market Cap: HK$282.8M
See more data about 2012 stock on TipRanks’ Stock Analysis page.