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Scandium International Mng ( (TSE:SCY) ) has issued an update.
Scandium International Mining Corp. announced the successful outcomes of its annual general meeting, where all proposed resolutions were approved by shareholders. This included setting the number of directors at four, re-electing the management’s director nominees, re-appointing Davidson & Company LLP as auditors, and approving the 2025 Equity Incentive Plan. The meeting saw a representation of 35.30% of the company’s shares, indicating strong shareholder engagement and support for the company’s strategic direction.
Spark’s Take on TSE:SCY Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCY is a Underperform.
Scandium International Mining’s overall score is significantly impacted by its poor financial performance, marked by zero revenue and persistent losses. While technical analysis shows a bullish trend, caution is advised due to potential overbought conditions. The valuation is also unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively weigh down the stock’s attractiveness.
To see Spark’s full report on TSE:SCY stock, click here.
More about Scandium International Mng
Scandium International Mining Corp. operates in the mining industry, focusing on the extraction and development of scandium and other specialty metals. The company is engaged in advancing projects that aim to supply scandium to markets where it can enhance the performance of various products.
Average Trading Volume: 107,424
Technical Sentiment Signal: Sell
Current Market Cap: C$8.9M
Learn more about SCY stock on TipRanks’ Stock Analysis page.