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The latest announcement is out from Metals Creek Resources ( (TSE:MEK) ).
Metals Creek Resources Corp. has announced the retirement of long-serving director and chief financial officer Nick Tsimidis and the appointment of Kevin Ramsay as both a director and the new CFO. Ramsay, a seasoned Chartered Professional Accountant with extensive audit and governance experience in the resource sector and prior senior financial roles at Maclean Hunter’s radio division and on CPA Ontario’s Practice Inspection Committee, is expected to strengthen Metals Creek’s financial oversight and board capabilities as the company advances its gold exploration and optionable project portfolio.
The most recent analyst rating on (TSE:MEK) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and persistent cash burn with a shrinking equity base). Technicals and recent exploration/financing updates provide some support, but valuation remains unattractive/indeterminate due to negative earnings and no dividend.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior mineral exploration company based in Ontario with shares listed on the TSX Venture Exchange under the symbol MEK. The company focuses on gold exploration, including a 50% interest in the Ogden Gold Property near Timmins, Ontario, which hosts the former Naybob Gold mine along an 8 km stretch of the Porcupine-Destor Fault, and it also maintains a portfolio of other resource projects available for option.
Average Trading Volume: 206,724
Technical Sentiment Signal: Buy
Current Market Cap: C$7.74M
For a thorough assessment of MEK stock, go to TipRanks’ Stock Analysis page.