Baru Gold ( (TSE:BARU) ) has provided an update.
Baru Gold Corp has announced the granting of 2,350,000 stock options to its officers, directors, employees, and consultants, pending TSX Venture Exchange approval. This move, involving insider participation, is exempt from certain regulatory requirements due to its alignment with the company’s market capitalization, potentially impacting stakeholder interests and company operations.
Spark’s Take on TSE:BARU Stock
According to Spark, TipRanks’ AI Analyst, TSE:BARU is a Neutral.
Baru Gold’s overall score is significantly impacted by its weak financial performance and valuation. However, technical indicators and positive corporate events provide some optimism, pointing to potential future improvements if production commences as planned.
To see Spark’s full report on TSE:BARU stock, click here.
More about Baru Gold
Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources located in Indonesia, one of the world’s top gold-producing countries. The company operates out of Indonesia and North America, leveraging extensive experience in initiating and managing small-scale gold assets.
Average Trading Volume: 435,853
Technical Sentiment Signal: Hold
Current Market Cap: C$15.04M
For an in-depth examination of BARU stock, go to TipRanks’ Stock Analysis page.