Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Till Capital ( (TSE:TIL) ) just unveiled an announcement.
Till Capital Corporation announced that its shareholders have approved a transaction with Silver Storm Mining Ltd., allowing Silver Storm to acquire all issued and outstanding common shares of Till through a court-approved plan of arrangement. The approval was overwhelmingly supported by shareholders, and the completion of the arrangement is pending final approvals from the Supreme Court of British Columbia and the TSX Venture Exchange. This transaction signifies a strategic move for Till Capital, potentially impacting its market positioning and operations significantly.
Spark’s Take on TSE:TIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TIL is a Neutral.
Till Capital’s overall stock score of 41 reflects significant financial challenges, including continuous losses and declining revenues. Technical analysis points to weak momentum, and valuation metrics highlight profitability concerns. The lack of earnings call data and corporate events limits any potential positive reassessment.
To see Spark’s full report on TSE:TIL stock, click here.
More about Till Capital
Till Capital Corporation is a majority shareholder of Silver Predator Corp. and, through its wholly owned U.S. subsidiary, a partial owner of IG Tintic LLC, which holds a 1% net smelter return royalty on the East Tintic Mining District in Utah. The company also has a 100% interest in various mineral royalties.
Average Trading Volume: 6,070
Technical Sentiment Signal: Hold
Current Market Cap: C$6.06M
See more data about TIL stock on TipRanks’ Stock Analysis page.