Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Alerio Gold Corp ( (TSE:LGHT) ) has provided an announcement.
Lighthouse Gold Inc. has increased its previously announced non-brokered private placement from $700,000 to $854,000, offering up to 12.2 million units at $0.07 per unit, each unit consisting of one common share and half a warrant exercisable at $0.13 for 18 months. The company plans to use the fresh capital to advance exploration on its Guyanese gold properties and for general working capital, while also granting 4.85 million stock options to directors, officers and consultants at $0.10 per share for five years, moves that collectively strengthen its funding base and align management and insiders with shareholders as it seeks to progress its South American gold portfolio.
Spark’s Take on TSE:LGHT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGHT is a Underperform.
Alerio Gold Corp’s overall stock score is heavily impacted by its poor financial performance, characterized by a lack of revenue, negative equity, and persistent cash outflows. While technical indicators show some potential upward momentum, the negative valuation metrics, particularly the negative P/E ratio, highlight significant risks. The company needs strategic restructuring to improve its financial health.
To see Spark’s full report on TSE:LGHT stock, click here.
More about Alerio Gold Corp
Lighthouse Gold Inc. is a mineral exploration and development company focused on acquiring and exploring gold properties in Guyana, South America, where it currently holds a 100% interest in two gold projects.
Average Trading Volume: 326,315
Technical Sentiment Signal: Buy
Current Market Cap: C$14.68M
See more data about LGHT stock on TipRanks’ Stock Analysis page.