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Kestrel Gold ( (TSE:KGC) ) has issued an update.
Kestrel Gold Inc. has entered into debt settlement agreements with Patrick Lynch, Jean Sharp, and Greg Lynch, converting a total of $75,138 in management fees and invoices into common shares at a price of $0.0563 per share. These agreements are pending approval from the TSX Venture Exchange and are part of Kestrel’s strategy to manage its financial obligations while maintaining its focus on gold exploration in Canada.
Spark’s Take on TSE:KGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:KGC is a Neutral.
Kestrel Gold’s overall stock score is weighed down by significant financial challenges, including lack of revenue generation and ongoing losses, leading to poor valuation metrics. While recent positive corporate events provide some hope for future potential, the current financial situation and technical indicators suggest a cautious outlook.
To see Spark’s full report on TSE:KGC stock, click here.
More about Kestrel Gold
Kestrel Gold Inc. is an exploration company based in western Canada, focusing on the Canadian Cordillera. The company has a 100% interest in the QCM Property and the KSD Property, both orogenic gold targets, with associated NSR royalties and buydown provisions. Kestrel is listed on the TSX Venture Exchange under the symbol KGC.
Average Trading Volume: 115,273
Technical Sentiment Signal: Buy
Current Market Cap: C$8M
Find detailed analytics on KGC stock on TipRanks’ Stock Analysis page.