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The latest update is out from Tasman Resources ( (AU:TAS) ).
Tasman Resources Ltd has announced the issuance of 92,000,000 fully paid ordinary shares to sophisticated investors as part of a share placement, along with 15,487,709 shares to current and former directors and an advisor to settle accrued fees and liabilities. This move, executed without disclosure under Part 6D.2 of the Corporations Act, reflects the company’s efforts to strengthen its financial position and maintain compliance with regulatory requirements, potentially impacting its operational capabilities and stakeholder interests.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
More about Tasman Resources
Tasman Resources Ltd is a company listed on the Australian Securities Exchange (ASX: TAS) and operates in the resources sector. The company is involved in the exploration and development of mineral resources, focusing on identifying and advancing projects that have the potential to deliver significant returns to shareholders.
Average Trading Volume: 832,747
Technical Sentiment Signal: Sell
Current Market Cap: A$7.64M
Find detailed analytics on TAS stock on TipRanks’ Stock Analysis page.