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Lomiko Metals ( (TSE:LMR) ) has issued an announcement.
Lomiko Metals Inc. has expanded its Yellow Fox property in central Newfoundland, increasing its land package to 1,446 hectares. The company plans to conduct a soil sampling field program to better define antimony, silver, and gold targets, with Metals Creek managing the work. The expansion and exploration efforts aim to enhance Lomiko’s positioning in the mineral exploration sector, potentially impacting stakeholders by identifying new mineral resources.
Spark’s Take on TSE:LMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LMR is a Underperform.
Lomiko Metals’ overall stock score reflects significant financial instability due to lack of revenue and operational losses. While there are promising corporate developments and strategic initiatives, the prevailing bearish technical indicators and negative valuation metrics weigh heavily on the stock’s prospects.
To see Spark’s full report on TSE:LMR stock, click here.
More about Lomiko Metals
Lomiko Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in the extraction of antimony, silver, and gold, with a particular emphasis on properties located in central Newfoundland.
YTD Price Performance: -12.22%
Average Trading Volume: 5,734
Technical Sentiment Signal: Buy
Current Market Cap: $3.55M
Learn more about LMR stock on TipRanks’ Stock Analysis page.