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Lexston Life Sciences Corp. ( (TSE:LEXT) ) has provided an announcement.
Lexston Mining Corporation has announced the commencement of fieldwork on its Dory Property in British Columbia, which includes a two-phase program aimed at evaluating the property’s mineral potential. Additionally, the company has secured two marketing agreements with i2i Marketing Group LLC and Danayi Capital Corp. to enhance corporate marketing and investor relations, with a combined budget of up to $400,000 USD, reflecting a strategic move to bolster investor confidence and support ongoing development efforts.
Spark’s Take on TSE:LEXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LEXT is a Underperform.
The company’s stock is rated low due to significant financial challenges, including no revenue and consistent losses. Technical analysis suggests bearish momentum, and the valuation remains unattractive with a negative P/E ratio. While the recent private placement provides some liquidity, it may not be sufficient to address broader financial instability.
To see Spark’s full report on TSE:LEXT stock, click here.
More about Lexston Life Sciences Corp.
Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance stakeholder value. The company is engaged in a mineral exploration project in British Columbia, Canada, and trades on the OTCQB Venture Market.
Average Trading Volume: 40,407
Technical Sentiment Signal: Sell
Current Market Cap: C$2.51M
Learn more about LEXT stock on TipRanks’ Stock Analysis page.