Four Nines Gold to Double Share Count with Two-for-One Forward Split

Four Nines Gold ( (TSE:FNAU) ) just unveiled an update.

Four Nines Gold Inc. has announced a two-for-one forward split of its common shares, doubling the number of issued and outstanding shares from 22,188,620 to 44,377,240, subject to approval by the Canadian Securities Exchange. The move, which will see the shares continue trading under the symbol FNAU and requires no action from existing shareholders, is aimed at boosting liquidity and marketability, while leaving individual investors’ proportional ownership unchanged and triggering a corresponding adjustment to the company’s outstanding stock options and warrants.

The most recent analyst rating on (TSE:FNAU) stock is a Sell with a C$0.40 price target. To see the full list of analyst forecasts on Four Nines Gold stock, see the TSE:FNAU Stock Forecast page.

Spark’s Take on TSE:FNAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:FNAU is a Neutral.

The score is primarily held down by weak financial performance (no revenue, ongoing losses, and negative free cash flow). Technicals add downside pressure with the stock trading below major moving averages and a negative MACD, though the oversold RSI slightly offsets. Valuation is constrained by a negative P/E and no dividend yield data.

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

More about Four Nines Gold

Four Nines Gold Inc. is a Vancouver-based mineral exploration company listed on the Canadian Securities Exchange under the symbol FNAU and on the OTC market as FNAUF. The company is focused on gold-related exploration activities, operating within the highly speculative mineral exploration sector.

Average Trading Volume: 19,365

Technical Sentiment Signal: Buy

Current Market Cap: C$9.32M

For detailed information about FNAU stock, go to TipRanks’ Stock Analysis page.