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Waraba Gold Limited ( (TSE:WBGD) ) has issued an update.
Waraba Gold Limited has entered into a joint venture agreement for its Ivory Coast Projects, involving the Sirasso and Tengrela Licenses, with milestone payments in restricted share units tied to gold discoveries. Additionally, the company has adopted a new 20% rolling omnibus equity compensation plan to attract and retain talent, replacing its previous stock option plan, and allowing for various equity-based incentives, subject to shareholder approval.
Spark’s Take on TSE:WBGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:WBGD is a Underperform.
Waraba Gold Limited faces significant financial challenges with no revenue and persistent losses, severely impacting its stock score. While technical indicators provide a slightly neutral outlook, and corporate events show potential for future growth, the overall financial distress overshadows these aspects, leading to a low score.
To see Spark’s full report on TSE:WBGD stock, click here.
More about Waraba Gold Limited
Waraba Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is involved in projects primarily in the Ivory Coast, where it aims to expand its gold resources through strategic partnerships and joint ventures.
Average Trading Volume: 22,858
Technical Sentiment Signal: Sell
Current Market Cap: C$842K
See more insights into WBGD stock on TipRanks’ Stock Analysis page.