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Evergold Corp ( (TSE:EVER) ) just unveiled an announcement.
Evergold Corp. announced the results of its annual general meeting, where Alvin Jackson was elected to the Board of Directors, alongside the re-election of existing members. The company also received shareholder approval for a consolidation of its common shares, reducing the number of outstanding shares significantly, while maintaining proportional ownership for shareholders. This move follows Evergold’s recent acquisition of an option to fully own the Copper King porphyry prospects in British Columbia, potentially impacting its market position positively.
Spark’s Take on TSE:EVER Stock
According to Spark, TipRanks’ AI Analyst, TSE:EVER is a Underperform.
Evergold Corp’s overall stock score is low due to significant financial challenges including continuous losses, negative cash flows, and weak technical indicators. The lack of revenue generation and declining financial stability are major concerns, further impacted by negative valuation metrics.
To see Spark’s full report on TSE:EVER stock, click here.
More about Evergold Corp
Evergold Corp. is a TSX-V listed mineral exploration company with projects in British Columbia and Nevada. The company has a successful track record in the junior exploration space, notably with the establishment of GT Gold Corp. and the discovery of significant copper-gold deposits, which were sold to Newmont for a substantial return on investment.
YTD Price Performance: 50.0%
Average Trading Volume: 250,348
Technical Sentiment Signal: Buy
Current Market Cap: C$3.4M
Learn more about EVER stock on TipRanks’ Stock Analysis page.