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An update from Lomiko Metals ( (TSE:LMR) ) is now available.
Lomiko Metals Inc. has provided an update on the graphite industry and its corporate activities, highlighting Canada’s potential to lead in critical minerals, including graphite, which is essential for the tech and energy transition. The company has decided to sell its 49% interest in the Bourier property due to lack of significant exploration results and will focus on its graphite and antimony projects. Additionally, Lomiko will not continue its OTCQX listing payments.
Spark’s Take on TSE:LMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LMR is a Neutral.
Lomiko Metals’ stock score reflects significant financial instability due to lack of revenue and operational losses. Despite promising corporate developments, 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. is a company engaged in the development of graphite projects, primarily focusing on its La Loutre graphite development in southern Quebec, Canada. The company aims to contribute to the North American supply chain and compete globally by advancing its projects to feasibility studies, with a focus on industrial applications such as battery and energy storage.
Average Trading Volume: 55,014
Technical Sentiment Signal: Sell
Current Market Cap: C$6.58M
See more insights into LMR stock on TipRanks’ Stock Analysis page.