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St James Gold ( (TSE:LORD) ) has issued an update.
St. James Gold Corp. announced the suspension of trading of its securities on the TSX Venture Exchange due to a Cease Trade Order from the British Columbia Securities Commission. This suspension is a result of the company’s failure to file required annual financial statements and management’s discussion and analysis. The delay in filing is attributed to a lack of funding necessary for the audit, and the company anticipates challenges in obtaining financing under the current trading restrictions. If the company fails to meet certain requirements by May 7, 2025, it risks having its securities transferred to NEX, impacting its market positioning and shareholder confidence.
More about St James Gold
St. James Gold Corp. is a publicly traded company focused on discovering and developing economic mineral deposits. The company holds a 100% stake in several claims in the Gander gold district and central Newfoundland, aiming to create shareholder value through strategic exploration and acquisition of prospective projects.
YTD Price Performance: 77.78%
Average Trading Volume: 16,210
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$5.43M
For an in-depth examination of LORD stock, go to TipRanks’ Stock Analysis page.
