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An announcement from Baru Gold ( (TSE:BARU) ) is now available.
Baru Gold Corp. has granted 7,490,371 restricted share units to its CEO, Terry Filbert, under the company’s Restricted Share Units Plan, pending approval from the TSX Venture Exchange. This move, classified as a ‘related party transaction,’ is exempt from certain regulatory requirements due to its limited impact on the company’s market capitalization, potentially affecting stakeholder interests and company operations.
Spark’s Take on TSE:BARU Stock
According to Spark, TipRanks’ AI Analyst, TSE:BARU is a Neutral.
Baru Gold’s overall score is significantly impacted by its weak financial performance and valuation. However, technical indicators and positive corporate events provide some optimism, pointing to potential future improvements if production commences as planned.
To see Spark’s full report on TSE:BARU stock, click here.
More about Baru Gold
Baru Gold Corp. is a junior gold developer with NI 43-101 gold resources located in Indonesia, one of the world’s top ten gold-producing countries. The company operates in both Indonesia and North America, with a team experienced in initiating and managing small-scale gold assets.
Average Trading Volume: 431,027
Technical Sentiment Signal: Sell
Current Market Cap: C$13.53M
For detailed information about BARU stock, go to TipRanks’ Stock Analysis page.