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An update from FireFox Gold ( (TSE:FFOX) ) is now available.
FireFox Gold Corp. has entered a debt settlement agreement with one of its directors to resolve C$142,000 in deferred consulting fees through a combination of C$70,000 in cash and the issuance of 144,000 common shares at a deemed price of C$0.50 per share. The transaction, classified as a related-party deal under securities regulations, falls below the threshold requiring a formal valuation or minority shareholder approval, and the shares will be issued on a private placement basis subject to a four-month hold and TSX Venture Exchange approval, allowing the company to conserve cash while modestly diluting equity as it continues its exploration activities in Finland.
The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.45 price target. To see the full list of analyst forecasts on FireFox Gold stock, see the TSE:FFOX Stock Forecast page.
Spark’s Take on TSE:FFOX Stock
According to Spark, TipRanks’ AI Analyst, TSE:FFOX is a Neutral.
The score is primarily held down by weak financial performance (no revenue, losses, and continued cash burn), with technicals also indicating a weak longer-term trend. Positive exploration-related corporate events provide some upside support, while valuation remains constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:FFOX stock, click here.
More about FireFox Gold
FireFox Gold Corp. is a gold exploration company listed on the TSX Venture Exchange and the OTCQB in the U.S., focused on discovering high-grade gold deposits in Finland. Since 2017, it has assembled a large, prospective land package and is advancing multiple gold zones at its 100%-owned Mustajärvi Project, positioning itself to capitalize on Finland’s highly rated but still underexplored mining jurisdiction.
Average Trading Volume: 49,239
Technical Sentiment Signal: Sell
Current Market Cap: C$17.63M
For detailed information about FFOX stock, go to TipRanks’ Stock Analysis page.