The latest announcement is out from TVI Pacific ( (TSE:TVI) ).
TVI Pacific Inc. announced a delay in filing its audited annual financial statements for the year ending December 31, 2024, due to unforeseen delays by its local auditor in the Philippines. The company has applied for a management cease trade order with the Alberta Securities Commission and is working to complete the audit by May 31, 2025. This delay places TVI in default of its continuous disclosure obligations, but the company confirms no insolvency proceedings are in place and no other undisclosed material information exists.
Spark’s Take on TSE:TVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:TVI is a Underperform.
TVI Pacific’s overall score is significantly impacted by its poor financial performance, with persistent losses and negative cash flow. The technical analysis and valuation provide little positive offset, given the lack of momentum and unattractive valuation metrics. The absence of earnings call data and corporate events further limits any positive influence.
To see Spark’s full report on TSE:TVI stock, click here.
More about TVI Pacific
TVI Pacific Inc. is a Canadian resource company with a focus on mining projects in the Philippines. The company holds a significant presence in the region through its 30.66% equity interest in TVIRD, a corporation based in the Philippines.
YTD Price Performance: 50.0%
Average Trading Volume: 328,173
Technical Sentiment Signal: Sell
Current Market Cap: C$10.93M
For a thorough assessment of TVI stock, go to TipRanks’ Stock Analysis page.