Tasman Resources (ASX:TAS) Shares Down 14.3%

Tasman Resources Ltd (ASX:TAS)’s share price was down 14.3% during trading on Tuesday . The stock traded as low as A$0.04 ($0.03) and last traded at A$0.04 ($0.03), approximately 577,542 shares traded hands during trading. An increase of 62% from the average daily volume of 356,064 shares. The stock had previously closed at A$0.05 ($0.03).

The stock has a market capitalization of $22.17 million and a P/E ratio of -4.67. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.86 and a current ratio of 3.36. The firm has a 50-day moving average price of A$0.05 and a 200 day moving average price of A$0.05.

About Tasman Resources (ASX:TAS)

Tasman Resources Ltd engages in the exploration of mineral properties in Australia. The company explores for precious and base metals, including gold, silver, copper, zinc, lead, nickel, and uranium, as well as iron-oxide. It owns 100% interest in the Lake Torrens and Parkinson Dam projects located in South Australia.

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