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Scorpio Gold ( (TSE:SGN) ) just unveiled an announcement.
Scorpio Gold Corporation announced its participation in the upcoming Metals Investor Forum in Vancouver, where CEO Zayn Kalyan will deliver a corporate presentation and management will engage directly with investors, complemented by an open house at its Vancouver office during major industry conferences to showcase its Manhattan District assets and drill core. The company also granted 6,465,000 incentive stock options to directors, officers and consultants under its stock option plan, with staged vesting schedules and related-party grants made under applicable exemptions, a move that aligns management and insiders with shareholders as Scorpio advances exploration and consolidates its position in Nevada’s Manhattan gold district.
The most recent analyst rating on (TSE:SGN) stock is a Hold with a C$0.33 price target. To see the full list of analyst forecasts on Scorpio Gold stock, see the TSE:SGN Stock Forecast page.
Spark’s Take on TSE:SGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SGN is a Neutral.
The score is held back primarily by weak financial performance (ongoing losses and significant cash burn). Offsetting this are constructive recent corporate developments (resource estimate, drilling results, and a funded drilling plan) and mildly improving technical signals. Valuation provides little support due to negative earnings and no dividend.
To see Spark’s full report on TSE:SGN stock, click here.
More about Scorpio Gold
Scorpio Gold Corporation is a precious metals exploration and development company focused on the Manhattan District in Nevada’s Walker Lane Trend, near the long-producing Round Mountain Gold Mine. The company has consolidated several past-producing mines under one entity, holding key permitting and water rights, and reports both a maiden inferred mineral resource estimate for the Goldwedge and Manhattan Pit areas and a historical resource estimate for additional zones within the district.
Average Trading Volume: 350,363
Technical Sentiment Signal: Hold
Current Market Cap: C$96.13M
See more insights into SGN stock on TipRanks’ Stock Analysis page.