Avrupa Minerals Secures Continuity for Slivova Gold Project Amid Ownership Change

Avrupa Minerals ( (TSE:AVU) ) just unveiled an announcement.

Avrupa Minerals Ltd. has officially registered the change in control of its subsidiary, AVU Kosova, with the Kosovo Business Registration Agency and the Kosovo Mining Bureau. The ownership of AVUK is now 49% held by Avrupa and 51% by Western Tethyan Resources, with Ariana Resources holding a majority stake in WTR. Despite a lapse in the Slivova exploration license, AVUK has reapplied for the license, securing continuity for the project. The company is optimistic about advancing the Slivova Project to the feasibility stage, which is crucial for its exploration programs in Europe.

Spark’s Take on TSE:AVU Stock

According to Spark, TipRanks’ AI Analyst, TSE:AVU is a Underperform.

Avrupa Minerals faces significant financial difficulties, with no revenue and consistent losses being major concerns. The technical indicators show bearish trends, though the RSI suggests a potential rebound. Valuation remains weak due to negative earnings. Overall, the company’s outlook is challenging, requiring substantial operational improvements to enhance its financial viability.

To see Spark’s full report on TSE:AVU stock, click here.

More about Avrupa Minerals

Avrupa Minerals Ltd. is a junior exploration and development company focused on discovering mineral deposits using a hybrid prospect generator business model. The company holds a 100%-owned license in Portugal and a 49% stake in AVU Kosova, which operates the Slivova Gold Project in Kosovo. Avrupa is also advancing projects in Finland and seeks opportunities in politically stable regions of Europe.

Average Trading Volume: 113,782

Technical Sentiment Signal: Sell

Current Market Cap: C$970.1K

Learn more about AVU stock on TipRanks’ Stock Analysis page.