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Tethys Petroleum ( (TSE:TPL) ) has shared an update.
Tethys Petroleum has announced the intention of Fincraft Group LLP and Gazexport Limited to nominate new directors at the upcoming annual general meeting. The nominations include Askar Ismailov by Fincraft and Paul J. Ostling and Piers Johnson by Gazexport. The management of Tethys has not independently reviewed the credentials of these nominees, and their consideration will be addressed at the shareholders meeting.
Spark’s Take on TSE:TPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TPL is a Neutral.
Tethys Petroleum’s stock score reflects significant financial performance challenges, particularly in profitability and cash flow. Despite these issues, the stock shows positive market momentum based on technical analysis. The valuation is weakened by negative earnings, though recent corporate events, like strategic shifts and dividend reinstatement, offer a glimpse of potential future improvement.
To see Spark’s full report on TSE:TPL stock, click here.
More about Tethys Petroleum
Tethys Petroleum is engaged in oil and gas exploration and production activities, primarily focusing on Central Asia and the Caspian Region.
Average Trading Volume: 2,197
Technical Sentiment Signal: Sell
Current Market Cap: C$103.4M
For an in-depth examination of TPL stock, go to TipRanks’ Overview page.