The latest announcement is out from Pasinex Resources ( (TSE:PSE) ).
Pasinex Resources Limited has been issued a Failure to File Cease Trade Order by the British Columbia Securities Commission due to delays in filing its audited annual financial statements and related documents. The delay is attributed to internal changes, including the resignation of the CFO, the appointment of a new auditor, and leadership changes in its Turkish subsidiary. Pasinex is actively working to complete the audit and expects to file the required documents soon, after which the cease trade order will be lifted.
Spark’s Take on TSE:PSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Underperform.
Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.
To see Spark’s full report on TSE:PSE stock, click here.
More about Pasinex Resources
Pasinex Resources Limited is a Canada-based company focused on building a profitable zinc mining operation through the acquisition and development of high-grade zinc deposits in Türkiye and Nevada. The company has a strong technical management team and aims to explore and extract high-grade ore to drive growth and wealth for its stakeholders, including shareholders, employees, and the communities where it operates.
Average Trading Volume: 79,256
Technical Sentiment Signal: Buy
Current Market Cap: C$7.95M
Find detailed analytics on PSE stock on TipRanks’ Stock Analysis page.