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An announcement from Sparton Resources ( (TSE:SRI) ) is now available.
Sparton Resources has repriced and reissued 4,200,000 incentive stock options to its directors, officers and consultants, setting a new exercise price of $0.05 per share and a three-year term to December 12, 2028, while cancelling the previously announced options. The company also reported that drilling is underway at its Pense Project claims in Quebec, with results from a recent EM geophysical survey in previously untested areas expected shortly, developments that could influence the project’s future advancement and the company’s exploration portfolio.
Spark’s Take on TSE:SRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SRI is a Underperform.
Sparton Resources is currently facing significant financial and operational challenges, reflected in its poor financial performance and unattractive valuation metrics. Technical indicators do not show significant positive momentum. Immediate strategic changes are vital to improve financial health and investor confidence.
To see Spark’s full report on TSE:SRI stock, click here.
More about Sparton Resources
Sparton Resources Inc., listed on the TSX Venture Exchange under the symbol SRI, is a Canadian exploration company active in mineral projects, including the Pense Project in Quebec, where it is conducting drilling and geophysical surveys to advance its resource potential.
Average Trading Volume: 110,622
Technical Sentiment Signal: Sell
Current Market Cap: C$5.1M
For an in-depth examination of SRI stock, go to TipRanks’ Overview page.