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An announcement from St James Gold ( (TSE:LORD) ) is now available.
St. James Gold Corp. announced the reinstatement of its common shares for trading on the TSX Venture Exchange following a review. To address a working capital deficiency of $1,905,769, the company has issued unsecured notes to its largest creditors and written off certain debts. These measures, along with a pending private placement, have adjusted the company’s working capital to $129,209.49. The company plans to seek shareholder approval to convert some of these debts into shares once trading resumes and the market stabilizes.
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 listed on the TSX Venture Exchange, OTCQB, and Frankfurt Stock Exchange. The company focuses on creating shareholder value through the discovery and development of economic mineral deposits by acquiring exploration projects. It holds a 100% stake in claims in the Gander gold district and central Newfoundland, adjacent to significant gold projects.
Technical Sentiment Signal: Buy
Current Market Cap: C$5.09M
Find detailed analytics on LORD stock on TipRanks’ Stock Analysis page.