Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Rex Resources Corp. ( (TSE:OWN) ).
Rex Resources Corp. announced that the TSX Venture Exchange has approved its share consolidation plan, which will take effect on June 4, 2025. This consolidation will result in approximately 8,173,095 issued and outstanding common shares, down from 24,519,285, potentially impacting the company’s market positioning and shareholder value.
Spark’s Take on TSE:OWN Stock
According to Spark, TipRanks’ AI Analyst, TSE:OWN is a Underperform.
Rex Resources Corp. is currently in a challenging financial position, with significant profitability and cash flow issues. Technical indicators suggest a continued bearish trend, and unfavorable valuation metrics further weigh on the stock. While corporate events such as board changes and share consolidation may provide some strategic direction, the company’s core financial difficulties remain the primary concern.
To see Spark’s full report on TSE:OWN stock, click here.
More about Rex Resources Corp.
Rex Resources Corp. is a mineral exploration company focused on acquiring, exploring, and developing mineral resource properties. The company owns a 100% interest in eight contiguous mineral claims near Port Alberni, British Columbia, known as the Rex Property, and has an option to acquire an additional eight claims in the nearby Macktush Property.
Average Trading Volume: 167,071
Technical Sentiment Signal: Sell
Current Market Cap: C$613K
See more insights into OWN stock on TipRanks’ Stock Analysis page.