Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Trans Canada Gold ( (TSE:TTG) ) has issued an update.
Trans Canada Gold Corp. reported steady oil production for February 2025, shipping 3,763 barrels from its Lloydminster wells despite weather-related disruptions. The company plans to drill a new multilateral well in collaboration with Croverro Energy Ltd., with drilling costs covered by production cash flow, thus avoiding share dilution. This strategic move aims to expand their operations in the Sparky Oil Formation, potentially enhancing their market position and operational capacity.
More about Trans Canada Gold
Trans Canada Gold Corp. operates in the energy sector, focusing on the exploration and production of heavy oil. The company holds interests in multilateral heavy oil wells, primarily in the Lloydminster region, and collaborates with Croverro Energy Ltd. as part of a joint venture.
Average Trading Volume: 35,565
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.56M
For a thorough assessment of TTG stock, go to TipRanks’ Stock Analysis page.