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The latest update is out from Ashley Gold Corp. ( (TSE:ASHL) ).
Ashley Gold Corp. has disclosed that President Noah J. Komavli has filed an updated Early Warning Report after a recent Tak Patent-related securities issuance pushed his ownership above the 10% threshold of the company’s common shares. Following the transaction, Komavli now directly and indirectly controls roughly 13% of Ashley’s free-trading float, and about 11.8% of the company’s fully diluted securities, underscoring his stated confidence in the miner’s strategic direction and the potential of its exploration program, including an anticipated aggressive winter drilling campaign at the Tak property.
The most recent analyst rating on (TSE:ASHL) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Ashley Gold Corp. stock, see the TSE:ASHL Stock Forecast page.
Spark’s Take on TSE:ASHL Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASHL is a Neutral.
The score is held down primarily by weak financial performance (no revenue, persistent losses, and worsening cash burn), despite low leverage. Technicals are constructive with price above major moving averages, but elevated stochastic readings add near-term pullback risk. Valuation cannot be evaluated with the provided metrics, limiting upside support in the score.
To see Spark’s full report on TSE:ASHL stock, click here.
More about Ashley Gold Corp.
Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. Its flagship assets are located in Ontario’s Dryden area, where it holds 100% ownership in the Santa-Maria, Burnthut (including the Tak patents), Howie and Alto-Gardnar claims, and in British Columbia through the Icefield Portfolio, which comprises two highly prospective claim packages.
Average Trading Volume: 111,919
Technical Sentiment Signal: Buy
Current Market Cap: C$5.67M
See more insights into ASHL stock on TipRanks’ Stock Analysis page.