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St James Gold ( (TSE:LORD) ) has provided an announcement.
St. James Gold Corp. has successfully completed a private placement, issuing 1,842,932 common shares for total proceeds of $175,078.54. This financial move, which included participation from Florin, is expected to support the company’s exploration and development activities, potentially enhancing its market position and providing value to stakeholders.
Spark’s Take on TSE:LORD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LORD is a Underperform.
St James Gold Corp. faces significant financial challenges and operational risks, highlighted by zero revenue, high leverage, and liquidity issues. The company’s recent positive corporate event does not outweigh the negative impacts of trading suspension and leadership instability. Technical indicators show modest potential, but fundamental valuation metrics are concerning. Overall, the stock is rated low due to these combined factors.
To see Spark’s full report on TSE:LORD stock, click here.
More about St James Gold
St. James Gold Corp. is a publicly traded company focused on creating shareholder value through the discovery and development of economic mineral deposits. The company achieves this by acquiring prospective exploration projects with well-delineated geological theories and integrating various geological, geochemical, and geophysical datasets to finance efficient exploration programs. It is listed on the TSX Venture Exchange, OTCQB, and the Frankfurt Stock Exchange.
Average Trading Volume: 44,288
Technical Sentiment Signal: Buy
Current Market Cap: C$6.44M
Learn more about LORD stock on TipRanks’ Stock Analysis page.