Gold’n Futures Settles Debts with Share Issuance

Gold’n Futures Mineral Corp. ( (TSE:FUTR) ) has provided an announcement.

Gold’n Futures Mineral Corp. has successfully closed debt settlement agreements to resolve outstanding debts of $83,201.22 owed to various creditors for services such as legal and corporate administration. By issuing 11,885,887 common shares at a price of $0.007 per share, the company aims to preserve cash for working capital, which is deemed beneficial for its financial health and operational strategy.

Spark’s Take on TSE:FUTR Stock

According to Spark, TipRanks’ AI Analyst, TSE:FUTR is a Underperform.

Gold’n Futures Mineral Corp.’s overall stock score is heavily impacted by its weak financial performance, characterized by zero revenue and persistent losses. The lack of technical indicators and valuation metrics further contribute to a cautious outlook. Without improvement in revenue generation and financial health, the stock remains under significant pressure.

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

More about Gold’n Futures Mineral Corp.

Gold’n Futures Mineral Corp. is a mineral exploration company focused on expanding its gold resources and developing viable gold mining operations using extensive geological expertise and advanced technologies.

Average Trading Volume: 617,774

Technical Sentiment Signal: Sell

Current Market Cap: C$34.35M

Learn more about FUTR stock on TipRanks’ Stock Analysis page.