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Falcon Gold ( (TSE:FG) ) has provided an announcement.
Falcon Gold Corp. has approved a 3-for-1 consolidation of its common shares, reducing its outstanding share count from roughly 177 million to about 59 million, subject to TSX Venture Exchange approval. The move is designed to streamline the company’s capital structure, improve market trading efficiency and provide greater financial flexibility as management seeks to advance its exploration portfolio and assess potential corporate and asset-level transactions at a time of record gold prices, without altering the company’s name, ticker or day-to-day operations.
The most recent analyst rating on (TSE:FG) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Falcon Gold stock, see the TSE:FG Stock Forecast page.
Spark’s Take on TSE:FG Stock
According to Spark, TipRanks’ AI Analyst, TSE:FG is a Neutral.
The score is held down primarily by very weak financial performance (pre-revenue, ongoing losses, sustained cash burn, and a shift to negative equity). Technical indicators provide some support (price above longer-term averages and positive MACD), but valuation is not supportive given negative earnings and no dividend.
To see Spark’s full report on TSE:FG stock, click here.
More about Falcon Gold
Falcon Gold Corp. is a Canadian mineral exploration company focused on generating, acquiring and exploring precious and battery metals opportunities across the Americas. Its flagship asset is the Central Canada Gold Mine in Ontario, situated near Agnico Eagle’s Hammond Reef Gold Deposit, and it also holds interests in the Burton Gold property near Sudbury, the Spitfire-Sunny Boy claims in British Columbia, the Great Burnt Copper-Gold Project in Newfoundland, and several nickel-copper-cobalt battery metals projects in Ontario and Quebec.
Average Trading Volume: 649,311
Technical Sentiment Signal: Sell
Current Market Cap: C$3.56M
Learn more about FG stock on TipRanks’ Stock Analysis page.