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Harvest Gold ( (TSE:HVG) ) has provided an announcement.
Harvest Gold Corporation has issued 2,250,000 common shares at a deemed price of $0.06 per share and made a $100,000 cash payment as part of its mineral property option agreements on the Mosseau and Urban Barry gold properties in Quebec, advancing its land position along the Urban Barry Greenstone Belt. The share issuances, which are subject to standard Canadian securities hold periods, further consolidate the company’s exposure to a 17.7 km gold-bearing structure at Mosseau and additional ground in the Eeyou Istchee James Bay/Abitibi region, reinforcing its strategic focus on building a sizeable, contiguous gold exploration footprint in a highly prospective district.
Spark’s Take on TSE:HVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.
Harvest Gold’s overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock’s unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.
To see Spark’s full report on TSE:HVG stock, click here.
More about Harvest Gold
Harvest Gold Corporation is a Vancouver-based mineral exploration company focused on near-surface gold deposits and copper-gold porphyry systems in politically stable mining jurisdictions. The company holds three active gold projects in Quebec’s Urban Barry area—Mosseau, Urban-Barry and LaBelle—covering 377 claims over 20,016.87 hectares and more than 50 km of mineralized shear zones, and emphasizes collaborative, respectful relationships with local Indigenous communities in the Eeyou Istchee-James Bay and Abitibi territories.
Average Trading Volume: 187,331
Technical Sentiment Signal: Sell
Current Market Cap: C$7.84M
For a thorough assessment of HVG stock, go to TipRanks’ Stock Analysis page.