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An announcement from Thunderstruck Resources ( (TSE:AWE) ) is now available.
Thunderstruck Resources Ltd. has completed a debt settlement with its CEO, Bryce Bradley, by issuing 3,100,000 common shares to settle $155,000 of unpaid salary. This transaction, classified as a related party transaction, is exempt from certain regulatory requirements due to its value relative to the company’s market capitalization. Additionally, the company has granted 1,830,000 stock options to directors, employees, and consultants, further aligning its team with shareholder interests. This move increases Ms. Bradley’s shareholding to 10.73% of the total issued shares, potentially impacting the company’s governance dynamics.
Spark’s Take on TSE:AWE Stock
According to Spark, TipRanks’ AI Analyst, TSE:AWE is a Underperform.
Thunderstruck Resources exhibits significant financial instability, with no revenue and consistent losses, heavily impacting its stock score. Technical indicators show slight upward momentum but are offset by valuation concerns, such as a negative P/E ratio and no dividend yield. The stock’s overall attractiveness remains low due to these compounding issues.
To see Spark’s full report on TSE:AWE stock, click here.
More about Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company focused on discovering high-value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits on the main island of Viti Levu in Fiji. The company offers investors exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold, and silver in a politically stable jurisdiction.
Average Trading Volume: 33,904
Technical Sentiment Signal: Sell
Current Market Cap: C$1.92M
For detailed information about AWE stock, go to TipRanks’ Stock Analysis page.