Leopard Lake Gold Corp. Issues Bi-Weekly Default Status Report Amid Audit Delays

Leopard Lake Gold Corp. ( (TSE:LP) ) just unveiled an update.

Leopard Lake Gold Corp. has announced a bi-weekly default status report due to a voluntary cease trade order (MCTO) granted by the British Columbia Securities Commission. This order was issued because of delays in completing audit procedures for the company’s annual financial statements for the year ended December 31, 2024. The MCTO restricts trading by the CEO and CFO but does not affect other shareholders. The company is actively working with auditors to finalize the financial statements and expects to file them by June 30, 2025. Until then, Leopard Lake Gold Corp. will continue to comply with alternative information guidelines.

Spark’s Take on TSE:LP Stock

According to Spark, TipRanks’ AI Analyst, TSE:LP is a Underperform.

Leopard Lake Gold Corp.’s stock score is significantly impacted by its financial performance, characterized by the absence of revenue and persistent losses. Technical analysis indicates a lack of strong trends, while the negative P/E ratio underscores valuation challenges. The lack of earnings call data and corporate events further limits any positive reassessment.

To see Spark’s full report on TSE:LP stock, click here.

More about Leopard Lake Gold Corp.

Leopard Lake Gold Corp. is engaged in mineral exploration and the acquisition of mineral property assets in Canada, including the St. Robert property, which consists of 273 mining claims in the Riseborough and Marlow Townships in St. Robert Bellarmin, Quebec.

Average Trading Volume: 151,727

Technical Sentiment Signal: Sell

Current Market Cap: C$1.73M

For detailed information about LP stock, go to TipRanks’ Stock Analysis page.