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Blue Thunder Mining ( (TSE:BLUE) ) has issued an update.
Mines d’Or Orbec Inc. announced the successful results of its Annual General Meeting, where shareholders approved all items of business, including setting the number of directors at five, electing board members, reappointing auditors, and approving a new stock option plan. The resolutions received overwhelming support, with over 99.9% of votes in favor of the directors and over 97% approval for the stock option plan. This strong shareholder backing reinforces confidence in Orbec’s strategic direction and operational plans.
Spark’s Take on TSE:BLUE Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLUE is a Underperform.
The overall stock score is significantly impacted by the company’s weak financial performance, marked by negative profitability and revenue absence. While there are some positive technical indicators and corporate governance improvements, these are overshadowed by fundamental financial challenges. The stock’s negative P/E ratio and lack of dividends further dampen its attractiveness.
To see Spark’s full report on TSE:BLUE stock, click here.
More about Blue Thunder Mining
Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt and is prospective for gold mineralization. Orbec is collaborating with IAMGOLD, which owns approximately 8.3% of the company, to advance exploration of the Muus Gold Project.
Average Trading Volume: 130,033
Technical Sentiment Signal: Buy
Current Market Cap: C$8.48M
See more insights into BLUE stock on TipRanks’ Stock Analysis page.