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The latest announcement is out from Atha Energy Corp. ( (TSE:SASK) ).
ATHA Energy Corp. has granted 10,150,000 incentive stock options and 1,300,000 restricted share units to eligible participants, including directors and officers, under its equity incentive plan, with options vesting in thirds over 12 months at an exercise price of $0.61 and RSUs vesting after 12 months. The awards, which fall within the plan’s 10% cap on shares issuable and use exemptions under Canadian related-party and minority protection rules, are designed to align management and insider incentives with shareholders as ATHA advances its uranium exploration and development portfolio.
The most recent analyst rating on (TSE:SASK) stock is a Hold with a C$0.65 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.
Spark’s Take on TSE:SASK Stock
According to Spark, TipRanks’ AI Analyst, TSE:SASK is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn) despite a low-debt balance sheet. Technicals are broadly neutral with only mild positive momentum, while valuation is constrained by negative earnings and no stated dividend. Corporate developments are positive (exploration discoveries) but are not yet reflected in operating results.
To see Spark’s full report on TSE:SASK stock, click here.
More about Atha Energy Corp.
ATHA Energy Corp. is a Canadian mineral company focused on the acquisition, exploration and development of uranium assets in support of a clean energy future. The company holds a strategically balanced portfolio of three 100%-owned post-discovery uranium projects in Nunavut, Labrador and Saskatchewan’s Athabasca Basin, alongside more than 7 million acres of prospective exploration land in leading uranium districts, and a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.
Average Trading Volume: 772,843
Technical Sentiment Signal: Hold
Current Market Cap: C$185.4M
For an in-depth examination of SASK stock, go to TipRanks’ Overview page.