Thunderstruck Resources Settles CEO Debt with Share Issuance

Thunderstruck Resources ( (TSE:AWE) ) just unveiled an announcement.

Thunderstruck Resources Ltd. has entered into a debt settlement agreement with its CEO, Bryce Bradley, to settle $155,000 of unpaid salary by issuing 3,100,000 common shares at a price of $0.05 per share. This move aims to preserve cash for ongoing operations and exploration activities, with the settlement subject to customary closing conditions and regulatory approvals. The transaction is considered a ‘related party transaction’ but is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization.

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 that focuses 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: 35,385

Technical Sentiment Signal: Hold

Current Market Cap: C$2.35M

Find detailed analytics on AWE stock on TipRanks’ Stock Analysis page.