Puranium Energy to Consolidate Shares on One-for-Two Basis

The latest announcement is out from Monterey Minerals Inc ( (TSE:UX) ).

Puranium Energy Ltd., a Canadian resource exploration company focused on energy-related opportunities and listed on the CSE and Frankfurt exchanges, has announced a consolidation of its common shares on a one-for-two basis. The move, which will halve the number of issued and outstanding shares from about 32.4 million to roughly 16.2 million, is subject to approval by the Canadian Securities Exchange and will be accompanied by new CUSIP and ISIN identifiers but no change to the company’s name or trading symbols. Outstanding stock options will be proportionately adjusted, and fractional shares will either be cancelled or rounded up, a capital-structure move that may improve the stock’s tradability and position the company more competitively in the market.

The most recent analyst rating on (TSE:UX) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Monterey Minerals Inc stock, see the TSE:UX Stock Forecast page.

Spark’s Take on TSE:UX Stock

According to Spark, TipRanks’ AI Analyst, TSE:UX is a Neutral.

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, negative operating/free cash flow, and negative equity), which increases financing and dilution risk. Technicals are a notable offset with strong momentum and price strength above major moving averages, but valuation remains unattractive due to losses and no dividend support.

To see Spark’s full report on TSE:UX stock, click here.

More about Monterey Minerals Inc

Puranium Energy Ltd. is a Canadian resource exploration company focused on identifying and advancing energy-related opportunities. The company is listed on the Canadian Securities Exchange under the symbol UX and on the Frankfurt Stock Exchange under the symbol 2DK, positioning it within the broader energy and resource exploration sector with access to both North American and European capital markets.

Average Trading Volume: 85,979

Technical Sentiment Signal: Buy

Current Market Cap: C$2.27M

See more insights into UX stock on TipRanks’ Stock Analysis page.