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An update from Kore Mining Ltd ( (TSE:KORE) ) is now available.
KORE Mining Ltd. has announced its reinstatement to trading on the TSX Venture Exchange following the resolution of a cease trade order. The company is addressing its working capital deficiency through a private placement of common shares and has disclosed a loan agreement with Karus Gold Corp. Additionally, KORE has received approval for a share consolidation, reducing the number of outstanding shares significantly.
Spark’s Take on TSE:KORE Stock
According to Spark, TipRanks’ AI Analyst, TSE:KORE is a Neutral.
Kore Mining Ltd’s stock is significantly impacted by its weak financial performance, characterized by consistent losses, negative cash flow, and a weak balance sheet. While there is some technical momentum, the high Stochastic indicator suggests caution. The negative P/E ratio further underscores unprofitability concerns, resulting in a below-average overall score.
To see Spark’s full report on TSE:KORE stock, click here.
More about Kore Mining Ltd
Average Trading Volume: 214,588
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$6.07M
For a thorough assessment of KORE stock, go to TipRanks’ Stock Analysis page.