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Scandium International Mng ( (TSE:SCY) ) has shared an announcement.
Scandium International Mining Corp. announced that all its officers and directors have exercised their stock options at a price of C$0.14, resulting in the exercise of 1,900,000 options and an increase in cash balances by C$266,000. This move reflects strong internal confidence in the company’s prospects and may positively impact its financial position and stakeholder confidence.
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 production of scandium. The company is involved in the development of the Nyngan Scandium Project and is listed on the TSX-V and OTCBB markets.
Average Trading Volume: 424,206
Technical Sentiment Signal: Buy
Current Market Cap: C$49.82M
For a thorough assessment of SCY stock, go to TipRanks’ Stock Analysis page.