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Lumina Gold ( (TSE:LUM) ) has shared an announcement.
CMOC Singapore Pte. Ltd., a subsidiary of CMOC Group Limited, has completed its acquisition of Lumina Gold Corp. As a result, Lumina’s shares will be delisted from the TSX Venture Exchange and withdrawn from trading in the U.S. on the OTCQB. The company will also apply to cease being a reporting issuer in Canada. This acquisition marks a significant change in Lumina’s market presence and could impact stakeholders by altering its operational and financial strategies.
The most recent analyst rating on (TSE:LUM) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Lumina Gold stock, see the TSE:LUM Stock Forecast page.
Spark’s Take on TSE:LUM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.
Lumina Gold’s overall score is heavily impacted by poor financial performance, characterized by zero revenue and ongoing losses. Despite strong technical indicators and a positive acquisition announcement, the lack of profitability and high financial risk remain significant concerns.
To see Spark’s full report on TSE:LUM stock, click here.
More about Lumina Gold
Lumina Gold Corp. operates in the mining industry, focusing on gold exploration and development projects.
Average Trading Volume: 895,315
Technical Sentiment Signal: Buy
Current Market Cap: C$527.1M
See more data about LUM stock on TipRanks’ Stock Analysis page.