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Tasman Resources ( (AU:TAS) ) has shared an update.
Tasman Resources has told the ASX it is not aware of any undisclosed information that would explain recent volatility in its share price, but pointed to several developments that may be driving market interest. These include the emergence of 7 Enterprises Pty Ltd as a substantial new shareholder, progress on drilling plans at its Titan West and Parkinson Dam projects, a sharp rise in the value of its significant shareholding in Eden Innovations (which now represents more than 40% of Tasman’s market capitalisation), and an early-stage move to acquire 243 new mineral exploration claims in New Mexico via an independent contractor, a process that may take several months and carries no certainty of title.
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 an Australian mineral exploration company listed on the ASX, with key projects including the Titan West prospect and the Parkinson Dam IOCG/epithermal gold and silver project in South Australia, and with strategic exposure to innovative materials through its equity stake in Eden Innovations Ltd.
Average Trading Volume: 1,084,890
Technical Sentiment Signal: Sell
Current Market Cap: A$12.05M
See more insights into TAS stock on TipRanks’ Stock Analysis page.