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TNR Gold Corp (new) ( (TSE:TNR) ) has shared an update.
TNR Gold Corp. announced the successful passing of all resolutions at its annual general and special meeting, including the re-election of its board of directors and the renewal of its Stock Option Plan. The company has fully repaid its investment loan and is debt-free, positioning itself as a cashflow-generating royalty company. TNR Gold is focused on building a green energy metals royalty and gold company, with significant partnerships and projects like the Mariana Lithium Project and Los Azules Copper Project, which are expected to generate royalty cashflows. This strategic transformation is aimed at improving market valuation and providing value to shareholders.
The most recent analyst rating on (TSE:TNR) stock is a Buy with a C$0.24 price target. To see the full list of analyst forecasts on TNR Gold Corp (new) stock, see the TSE:TNR Stock Forecast page.
Spark’s Take on TSE:TNR Stock
According to Spark, TipRanks’ AI Analyst, TSE:TNR is a Neutral.
TNR Gold Corp’s overall stock score is heavily impacted by its poor financial performance due to persistent losses and lack of revenue. However, positive technical indicators and promising corporate events offer some optimism.
To see Spark’s full report on TSE:TNR stock, click here.
More about TNR Gold Corp (new)
TNR Gold Corp. is a company focused on becoming a green energy metals royalty and gold company. It aims to create supply chains for critical materials like energy metals, which are essential for the energy revolution, and the gold industry, which acts as a hedge in the current economic cycle. The company has a diverse portfolio with exposure to various stages of the mining cycle, including partnerships with industry leaders such as McEwen Mining, Ganfeng Lithium, Lundin Mining, and BHP.
Average Trading Volume: 377,231
Technical Sentiment Signal: Buy
Current Market Cap: C$19.08M
For detailed information about TNR stock, go to TipRanks’ Stock Analysis page.