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Northern Lights Resources ( (TSE:NLR) ) just unveiled an announcement.
Northern Lights Resources Corp has entered into an agreement to sell its 100% interest in the Secret Pass Gold Project to a private third-party company for $600,000 in cash and equity payments, along with retaining a 2% Net Smelter Return. This transaction exemplifies Northern Lights’ strategy of acquiring and adding value to early-stage projects before selling them, allowing the company to focus on its Horetzky copper project in British Columbia.
Spark’s Take on TSE:NLR Stock
According to Spark, TipRanks’ AI Analyst, TSE:NLR is a Underperform.
The overall stock score reflects significant financial challenges and poor valuation metrics, with no revenue generation and consistent losses. While corporate events indicate potential for improved financial stability and exploration capabilities, technical indicators suggest bearish momentum. The stock remains unattractive to value investors due to its negative P/E ratio and lack of dividends.
To see Spark’s full report on TSE:NLR stock, click here.
More about Northern Lights Resources
Northern Lights Resources Corp is a growth-oriented exploration and development company advancing key projects such as the Horetzky Copper Project in British Columbia and the Secret Pass Gold Project in Arizona. The company also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada, owned by Reyna Silver Corp. Northern Lights trades under the ticker ‘NLR’ on the CSE and ‘NLRCF’ on the OTC.
Average Trading Volume: 89,340
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.87M
Find detailed analytics on NLR stock on TipRanks’ Stock Analysis page.