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 is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including 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 in financial planning for over six years with leading wealth managers and in real estate.