Leviathan Metals Sells Timor Gold License to Au Gold Corp. and Launches Investor Marketing Push

Leviathan Gold ( (TSE:LVX) ) has shared an update.

Leviathan Metals has agreed to sell its Timor Gold Project license in Victoria, Australia, to Au Gold Corp. for a modest cash consideration and 5 million Au Gold shares, giving Leviathan’s Australian subsidiary an 11.16% equity stake and additional contingent payments linked to future compliant gold resources. The deal sheds a non-core asset while preserving exposure to potential exploration upside at Timor, and is complemented by a new strategic digital marketing and investor-relations campaign with 1502656 B.C. Ltd. aimed at boosting the company’s market profile, with the transaction still subject to TSX Venture Exchange approval.

The most recent analyst rating on (TSE:LVX) stock is a Hold with a C$0.88 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.

Spark’s Take on TSE:LVX Stock

According to Spark, TipRanks’ AI Analyst, TSE:LVX is a Neutral.

The score is held back primarily by weak financial performance: no revenue, continued losses, and increasing cash burn that implies reliance on external financing. Technicals are a notable positive with a strong uptrend and positive MACD, but overbought signals add near-term risk. Valuation is constrained by negative earnings and no dividend support.

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

More about Leviathan Gold

Leviathan Metals Corp., previously known as Leviathan Gold Ltd., is a Canadian-based mineral exploration company listed on the TSX Venture Exchange, OTC markets, and in Germany, with its primary activities focused on exploring and advancing gold projects through its Australian subsidiary in historically productive goldfields.

Average Trading Volume: 165,510

Technical Sentiment Signal: Buy

Current Market Cap: C$82.69M

For a thorough assessment of LVX stock, go to TipRanks’ Stock Analysis page.