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Hastings Technology Metals Limited ( (AU:HAS) ) has issued an update.
Hastings Technology Metals Limited announced the application for the quotation of 7,850,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code HAS. This move, facilitated through an At The Market facility with Alpha Investment Partners, is expected to enhance the company’s financial flexibility and support its strategic initiatives in the rare earths market.
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 earths deposits. The company primarily targets the production of neodymium and praseodymium, which are essential 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
Learn more about HAS stock on TipRanks’ Stock Analysis page.