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The latest update is out from Spruce Ridge Resources ( (TSE:SHL) ).
Homeland Nickel Inc. has announced a change in its auditing firm from Scarrow and Donald, LLP to MNP LLP, effective July 7, 2025. This change is due to the company’s exposure to U.S. assets, which the previous auditor no longer handles. The transition was approved by the company’s board of directors and audit committee, with no modified opinions or reportable events noted in previous audits. The change is part of Homeland Nickel’s strategic adjustments to better align with its operational needs and market focus.
Spark’s Take on TSE:SHL Stock
According to Spark, TipRanks’ AI Analyst, TSE:SHL is a Underperform.
Spruce Ridge Resources faces significant financial challenges, with no revenue and negative cash flow impacting its stability. While corporate events hint at potential growth, the unattractive valuation and technical indicators showing mixed signals limit the stock’s appeal.
To see Spark’s full report on TSE:SHL stock, click here.
More about Spruce Ridge Resources
Homeland Nickel is a Canadian-based mineral exploration company specializing in critical metal resources. It has nickel projects in Oregon, United States, and copper and gold projects in Newfoundland, Canada. The company also holds a significant portfolio of mining securities and trades on the TSX Venture Exchange under the symbol ‘SHL’.
Average Trading Volume: 204,594
Technical Sentiment Signal: Buy
Current Market Cap: C$13.38M
See more data about SHL stock on TipRanks’ Stock Analysis page.