TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from St James Gold ( (TSE:LORD) ).
St. James Gold Corp. has finalized a Settlement Agreement with Florin Resources Inc., involving the reassignment of secured promissory notes and a series of financial and share transactions. This agreement allows St. James Gold to conclude a challenging period and focus on developing its Grub Line Property in Newfoundland, signaling a strategic shift and potential growth for the company.
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 the Frankfurt Stock Exchange. The company focuses on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects and integrating geological, geochemical, and geophysical datasets to finance efficient exploration programs.
Average Trading Volume: 50,314
Technical Sentiment Signal: Buy
Current Market Cap: C$6.95M
For detailed information about LORD stock, go to TipRanks’ Stock Analysis page.