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Leviathan Gold ( (TSE:LVX) ) has issued an announcement.
Leviathan Gold Ltd. announced that Cura Exploration Botswana Corp. has completed a $3.5 million private placement, fulfilling a condition for Leviathan’s proposed acquisition of Cura. The transaction, considered a ‘Fundamental Acquisition,’ has led to a temporary trading halt of Leviathan’s shares on the TSXV pending regulatory review. The company is working on meeting the necessary conditions to resume trading, including preparing technical reports and financial statements.
Spark’s Take on TSE:LVX Stock
According to Spark, TipRanks’ AI Analyst, TSE:LVX is a Neutral.
Leviathan Gold’s overall score reflects a mixed outlook. The company faces significant financial challenges with ongoing losses and cash flow issues, which weigh heavily on its stock score. However, strong market momentum and positive corporate events, such as successful fundraisings and strategic acquisitions, provide a counterbalance. The speculative nature of the stock, underscored by negative earnings metrics, means future performance is heavily reliant on exploration success and market conditions.
To see Spark’s full report on TSE:LVX stock, click here.
More about Leviathan Gold
Leviathan Gold Ltd. is a Canadian-based mineral exploration company, publicly traded on the TSX Venture Exchange and in Germany. The company focuses on exploring and developing mineral properties, primarily in the gold sector.
Average Trading Volume: 55,765
Technical Sentiment Signal: Buy
Current Market Cap: C$21.51M
See more insights into LVX stock on TipRanks’ Stock Analysis page.