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Total Helium Ltd ( (TSE:ALTU) ) has issued an update.
Altura Energy Corp. has completed a debt settlement with Nancy Burke, issuing 5,266,830 common shares at a price of $0.10 per share to settle an outstanding debt of C$526,683. This transaction increases Ms. Burke’s ownership to 14.57% of the company’s common shares, potentially rising to 15.00% if her warrants are exercised, thereby strengthening her influence within the company.
Spark’s Take on TSE:ALTU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALTU is a Underperform.
Total Helium Ltd’s overall stock score is significantly hindered by its financial instability, characterized by declining revenues, substantial net losses, and negative equity. Technical analysis indicates bearish sentiment with weak price trends and momentum indicators. Valuation metrics further detract from the score with a negative P/E ratio, suggesting a lack of profitability. However, the recent corporate rebranding and recapitalization efforts provide a glimmer of potential improvement in operational efficiency and financial stability.
To see Spark’s full report on TSE:ALTU stock, click here.
More about Total Helium Ltd
Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona.
Average Trading Volume: 18,885
Technical Sentiment Signal: Hold
Current Market Cap: C$1.95M
For detailed information about ALTU stock, go to TipRanks’ Stock Analysis page.