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An announcement from Jasper Mining ( (TSE:TUK) ) is now available.
Tuktu Resources Ltd. reported the results of its January 15 special shareholders meeting, where 63.42% of outstanding shares were represented. Shareholders voted to remove director Tim de Freitas from the board effective immediately, while rejecting a dissident proposal that sought to overhaul the board by removing the remaining current directors and electing an alternate slate. The outcome preserves the existing board and management structure, signaling investor support for the current leadership team and stabilizing governance at a time of contested control, which may provide continuity for the company’s strategic direction and operations.
The most recent analyst rating on (TSE:TUK) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Jasper Mining stock, see the TSE:TUK Stock Forecast page.
Spark’s Take on TSE:TUK Stock
According to Spark, TipRanks’ AI Analyst, TSE:TUK is a Neutral.
The score is primarily weighed down by weak financial performance—shrinking revenue, continued losses, and sharply negative free cash flow—despite low leverage and improving margins. Technicals are mixed with a weak longer-term trend and negative MACD, while valuation is constrained by negative earnings and no dividend. Corporate events add uncertainty due to a proxy contest, partially offset by the new CEO appointment.
To see Spark’s full report on TSE:TUK stock, click here.
More about Jasper Mining
Tuktu Resources Ltd. is a publicly traded junior oil and gas development company headquartered in Calgary, Alberta, with producing oil and gas properties in southern Alberta. The company operates in the upstream energy sector, focusing on the exploration and production of oil and natural gas assets in Western Canada.
Average Trading Volume: 694,002
Technical Sentiment Signal: Sell
Current Market Cap: C$10.62M
Find detailed analytics on TUK stock on TipRanks’ Stock Analysis page.