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The latest announcement is out from Westward Gold Inc ( (TSE:WG) ).
Westward Gold Inc. has appointed Dr. Quinton Hennigh as the new Independent Chairman of its Board of Directors, succeeding Mark Monaghan. Dr. Hennigh brings extensive experience in gold exploration, particularly in the Cortez District, and his appointment comes as the company prepares for a significant field season. Additionally, Westward Gold has granted stock options and restricted share units to its management and board, aligning incentives with its strategic goals.
Spark’s Take on TSE:WG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WG is a Neutral.
Westward Gold Inc.’s overall score reflects its status as an exploration-stage company with no revenue yet strong financial backing. The absence of debt and successful fundraising efforts are strong points, offset by the lack of earnings and reliance on external financing. Technical indicators suggest cautious optimism, and recent corporate events positively impact the company’s growth outlook.
To see Spark’s full report on TSE:WG stock, click here.
More about Westward Gold Inc
Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills Project in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects along the Carlin Trend in Elko County, Nevada. The company also considers acquiring other mineral exploration assets and opportunities.
Average Trading Volume: 178,916
Technical Sentiment Signal: Hold
Current Market Cap: C$11.85M
For detailed information about WG stock, go to TipRanks’ Stock Analysis page.