Tasman Resources (ASX:TAS) Shares Down 14.3%

Tasman Resources Ltd (ASX:TAS) dropped 14.3% during mid-day trading on Tuesday . The company traded as low as A$0.04 ($0.03) and last traded at A$0.04 ($0.03), approximately 577,542 shares were traded 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 firm has a market cap of $22.17 million and a PE ratio of -4.67. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.36 and a quick ratio of 2.86. The business’s fifty day moving average is A$0.05 and its 200-day moving average is A$0.05.

Tasman Resources Company Profile (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.

Recommended Story: What does a bar chart mean for investors?

Receive News & Ratings for Tasman Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tasman Resources and related companies with MarketBeat.com's FREE daily email newsletter.