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Hastings Technology Metals Limited ( (AU:HAS) ) has shared an update.
Hastings Technology Metals Limited has announced a new placement of 1,562,000 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s ongoing efforts to enhance its financial position and support its strategic initiatives in the rare earth elements market, potentially impacting its operational capacity and market presence.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
More about Hastings Technology Metals Limited
Hastings Technology Metals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements. The company is primarily engaged in the production of neodymium and praseodymium, which are critical components in the manufacturing of permanent magnets used in various high-tech and clean energy applications.
Average Trading Volume: 230,516
Technical Sentiment Signal: Sell
Current Market Cap: A$64.33M
Find detailed analytics on HAS stock on TipRanks’ Stock Analysis page.