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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.