Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
TomaGold ( (TSE:LOT) ) just unveiled an update.
TomaGold has completed all acquisition commitments for the first two years of its option agreement with Chibougamau Independent Mines, advancing its bid to acquire a 100% interest in several properties in the Chibougamau mining camp, including the Berrigan Mine, and has received final approval for the transaction from the TSX Venture Exchange. The company has also amended its option agreement with Globex Mining Enterprises for the Gwillim group of claims by extending a key exploration spending deadline by one year, while correcting a previously disclosed figure for stock options granted, moves that collectively strengthen its position in a strategically important Quebec mining district and provide greater flexibility in meeting exploration obligations.
The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.
Spark’s Take on TSE:LOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LOT is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, ongoing losses/cash burn, and negative equity). Technicals are positive but appear overextended, while corporate events (financings, $1M payment/royalty, and encouraging drill results) provide some offset; valuation remains unattractive due to negative earnings and no dividend.
To see Spark’s full report on TSE:LOT stock, click here.
More about TomaGold
TomaGold Corp. is a Canadian junior mining company focused on the acquisition, exploration and development of high-potential precious and base metal projects, primarily gold and copper in Quebec and Ontario. Its core assets are in the Chibougamau Mining Camp in northern Quebec, where it owns the Obalski gold-copper-silver project and holds options on 12 additional properties, and it also has a 24.5% joint venture interest in the Baird gold property near Red Lake in Ontario, as well as lithium and rare earth element projects in the James Bay region.
Average Trading Volume: 378,893
Technical Sentiment Signal: Buy
Current Market Cap: C$16.04M
Learn more about LOT stock on TipRanks’ Stock Analysis page.