Strandline Resources Limited (AU:STA) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Strandline Resources Limited reports a productive June 2024 quarter with record production of 45,544 tonnes of Heavy Mineral Concentrate (HMC) and increased sales volume, marking continued operational improvements and a positive safety record. The company also announced a significant transaction with the sale of its Tanzanian mineral sands projects to Shenghe Resources Holding Co., Ltd, expected to complete in the following quarter. Meanwhile, Strandline is actively restructuring its debt with lenders, resulting in a temporary suspension of its shares.
For further insights into AU:STA stock, check out TipRanks’ Stock Analysis page.
