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Hastings Technology Metals Limited ( (AU:HAS) ) has provided an announcement.
Hastings Technology Metals Limited announced the issuance of a total of 11 million shares to Alpha Investment Partners Pty Ltd, with 3.15 million shares priced at $0.711 and 7.85 million shares provided as collateral under an At The Market facility. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, potentially enhancing its market presence and operational capabilities.
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 primarily engages in the production of neodymium and praseodymium, which are critical components in the manufacturing of permanent magnets used in various high-tech and green energy applications.
Average Trading Volume: 550,455
Technical Sentiment Signal: Buy
Current Market Cap: A$149.5M
See more data about HAS stock on TipRanks’ Stock Analysis page.