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Klondike Silver ( (TSE:KS) ) has issued an announcement.
Klondike Silver Corp. has issued a correction to its previously announced 1-for-10 share consolidation, clarifying that the consolidation will reduce its outstanding common shares from 268,882,107 to approximately 26,888,201. The clarification removes confusion created by earlier incorrect figures and provides investors with accurate information about the company’s capital structure as it moves ahead with the consolidation plan, a step that can affect share liquidity, trading price, and overall market perception of the company.
The most recent analyst rating on (TSE:KS) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Klondike Silver stock, see the TSE:KS Stock Forecast page.
Spark’s Take on TSE:KS Stock
According to Spark, TipRanks’ AI Analyst, TSE:KS is a Neutral.
The score is primarily held back by weak financial performance (minimal revenue, continued losses, and negative free cash flow). Technicals are a relative positive with price trading above major moving averages and positive MACD, but valuation remains challenged due to a loss-driven negative P/E and no dividend support.
To see Spark’s full report on TSE:KS stock, click here.
More about Klondike Silver
Klondike Silver Corp. is a Canadian exploration and development company focused on advancing near-term production of silver, zinc and lead, with its shares listed on the TSX Venture Exchange and Frankfurt Stock Exchange.
Average Trading Volume: 461,216
Technical Sentiment Signal: Buy
Current Market Cap: C$10.76M
Find detailed analytics on KS stock on TipRanks’ Stock Analysis page.