The latest update is out from Lodestar Battery Metals ( (TSE:LSTR) ).
Lodestar Metals Corp. has settled a $1,250,000 debt with Silver One Resources Inc. by agreeing to pay $50,000 and issuing 3,000,000 common shares at a deemed price of $0.05 per share. This settlement allows both companies to move forward without indebtedness, with the transaction subject to final acceptance by the TSX Venture Exchange.
Spark’s Take on TSE:LSTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LSTR is a Underperform.
Lodestar Battery Metals faces significant challenges with its current financial performance, characterized by no revenue and consistent losses, typical of early-stage mining ventures. The technical indicators suggest bearish momentum, and the negative P/E ratio underscores its speculative nature. While the absence of debt is a potential positive, the overall financial instability and lack of corporate developments lead to a low overall score.
To see Spark’s full report on TSE:LSTR stock, click here.
More about Lodestar Battery Metals
Lodestar Metals Corp. is a Canadian mining exploration company with a focus on developing its flagship Peny Property in Manitoba, which comprises 47 mineral claims over 11,191 hectares. The company aims to grow through a combination of developing existing properties, acquisitions, and partnerships.
YTD Price Performance: -25.00%
Average Trading Volume: 64,651
Technical Sentiment Signal: Buy
Current Market Cap: C$665K
For an in-depth examination of LSTR stock, go to TipRanks’ Stock Analysis page.