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The latest update is out from Lumina Gold ( (TSE:LUM) ).
Lumina Gold Corp. has received a final order from the Supreme Court of British Columbia approving its arrangement with CMOC Singapore Pte. Ltd., allowing CMOC’s subsidiary to acquire all issued and outstanding shares of Lumina. This acquisition, pending final regulatory approval, is expected to close in late June 2025 and could significantly impact Lumina’s operations and market positioning, potentially benefiting stakeholders by aligning with a major industry player.
The most recent analyst rating on (TSE:LUM) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Lumina Gold stock, see the TSE:LUM Stock Forecast page.
Spark’s Take on TSE:LUM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.
Lumina Gold’s overall score is heavily impacted by poor financial performance, characterized by zero revenue and ongoing losses. Despite strong technical indicators and a positive acquisition announcement, the lack of profitability and high financial risk remain significant concerns.
To see Spark’s full report on TSE:LUM stock, click here.
More about Lumina Gold
Lumina Gold Corp. is a Vancouver-based exploration company focused on the Cangrejos project in southwest Ecuador, which hosts the largest primary gold deposit in the country. The company has a strong management team with a history of successfully advancing and monetizing exploration projects.
Average Trading Volume: 878,121
Technical Sentiment Signal: Buy
Current Market Cap: C$527.1M
See more data about LUM stock on TipRanks’ Stock Analysis page.