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Tungsten Mining NL ( (AU:TGN) ) has provided an update.
Tungsten Mining NL has requested a trading halt in its securities on the ASX while it holds discussions over a potential capital raising, seeking to manage the process in an orderly fashion and ensure trading occurs on a fully informed basis. The halt will remain in place until either the start of trading on 28 January 2026 or the release of a capital-raising announcement, with the company stating it is not aware of any other undisclosed material information, a move that signals possible near-term funding and balance-sheet implications for investors and stakeholders.
The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Tungsten Mining NL stock, see the AU:TGN Stock Forecast page.
More about Tungsten Mining NL
Tungsten Mining NL is an Australian-listed resources company focused on the exploration and development of tungsten and related mineral projects, targeting demand from industrial and specialty metal markets.
Average Trading Volume: 1,519,012
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$201.1M
For a thorough assessment of TGN stock, go to TipRanks’ Stock Analysis page.