Tawana Resources shares trade near all time high & escrow release

Company News

by Jessica Amir

Lithium company Tawana Resources (ASX:TAW) announced it will release 3.5 million shares from voluntary escrow on 6 March 2018.

The securities were part of settlement for the purchase of its WA projects Cowan and Yallari lithium projects on 6 March 2017.

Tawana Resources shares are trading near its one year high.

But like a lot of lithium miners, they have been sold off of late on the back of one of the world’s biggest lithium miners sparking oversupply fears.

Shares in Tawana Resources (ASX:TAW) closed flat yesterday at $0.46.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.