NuLegacy Gold (TSE:NUG) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
NuLegacy Gold Corporation faces potential suspension of operations after failing to find gold in economic quantities at its Red Hill property in Nevada. The company has secured funds to cover important lease payments until September 2025 but is considering debt settlement and reorganization due to financial challenges. Shareholders approved a share consolidation, but it will not proceed at this time due to lack of funding.
For further insights into TSE:NUG stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue