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An update from Tasman Resources ( (AU:TAS) ) is now available.
Tasman Resources has completed the sale of its Georgia property for US$5 million, significantly higher than its purchase price in 2018. The proceeds were used to reduce the company’s iBorrow loan by 69% and supplement working capital, marking a substantial step in its financial restructuring. The company has also reduced its overall debt by approximately 70% through loan repayments and share-for-debt conversions, positioning itself for a stronger financial future.
More about Tasman Resources
YTD Price Performance: 26.67%
Average Trading Volume: 490,121
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6M
For a thorough assessment of TAS stock, go to TipRanks’ Stock Analysis page.