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TomaGold ( (TSE:LOT) ) has shared an update.
TomaGold has signed a 12‑month, $62,000 advertising and investor awareness agreement with Investing News Network to boost its market visibility as it enters a more active exploration phase in the Chibougamau mining camp. The company expects imminent results from a borehole electromagnetic survey and assays from the final five drill holes at its Berrigan Mine project, work that targets lateral and depth extensions of a known polymetallic mineralized envelope and could influence how investors view the potential scale and value of its flagship Quebec assets.
The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.06 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 including the Berrigan Mine, Radar, David and Dufault projects, and it also has a 24.5% joint venture interest in the Baird gold property near the Red Lake Mining Camp in Ontario, along with lithium and rare earth element projects in Quebec’s James Bay region.
Average Trading Volume: 368,137
Technical Sentiment Signal: Buy
Current Market Cap: C$16.04M
See more data about LOT stock on TipRanks’ Stock Analysis page.