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

Leopard Lake Gold Corp. ( (TSE:LP) ) has issued an update.

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

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 involved in mineral exploration and the acquisition of mineral property assets in Canada, particularly focusing on the St. Robert property in Quebec, which consists of 273 mining claims.

Average Trading Volume: 183,168

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$1.48M

See more data about LP stock on TipRanks’ Stock Analysis page.