Laurion Mineral Exploration (CVE:LME) trades up 24.5% on Friday

Trending News ☀️

LME Stock Fair Value – Laurion Mineral Exploration ($TSXV:LME) is a Canadian-based mineral exploration company with a focus on gold and base metal properties in Ontario and Quebec. Investors appear to be bullish on Laurion Mineral Exploration’s prospects, with the company’s recent exploration successes and strong financial position. Laurion Mineral Exploration is well-funded and has a solid balance sheet, with no debt and over $10 million in cash.

The company is also led by a experienced management team with a proven track record in the mining industry. With its strong financial position and experienced management team, Laurion Mineral Exploration is well-positioned to continue its exploration successes and generate shareholder value.

Price History

The stock opened at CA$0.7 and closed at CA$0.6, down by 3.3% from the previous closing price of 0.6. Overall, the company has seen mostly positive news coverage, with a few exceptions. On Thursday, for example, the stock took a hit after it was revealed that the company’s CEO had sold more than half a million dollars’ worth of shares. However, the stock has recovered since then and is now trading up 24.5%.

VI Analysis – LME Stock Fair Value Calculator

Laurion Mineral Exploration is a company engaged in the exploration and development of mineral properties in Ontario, Canada. The company’s fundamentals reflect its long term potential. The intrinsic value of Laurion Mineral Exploration shares is around CA$0.7, calculated by VI Line. Now Laurion Mineral Exploration stock is traded at CA$0.6, a fair price undervalued by 10%.

VI Peers

The company’s primary focus is on gold properties located in the Abitibi Greenstone Belt in Ontario and Quebec, Canada. Laurion’s competitors include Galway Gold Inc, 79North Inc, Slam Exploration Ltd, among others.

– Galway Gold Inc ($TSXV:GLW)

Galway Gold Inc is a Canadian company that primarily focuses on the exploration and development of gold properties in the Republic of Ireland. The company’s flagship project is the Tynagh-Clontuskert property, which is located in County Galway, Ireland. As of 2022, the company has a market cap of 3.54M and a ROE of -77.06%. Despite its negative ROE, the company’s market cap indicates that investors are still confident in its future prospects. Galway Gold is currently in the process of advancing its Tynagh-Clontuskert property towards production, which is expected to begin in 2023.

– 79North Inc ($OTCPK:SVNTF)

79North Inc is a publicly traded company with a market capitalization of $1.61 million as of 2022. The company has a negative return on equity of 272.05%. 79North Inc is engaged in the business of providing management and consulting services to businesses and individuals.

– Slam Exploration Ltd ($TSXV:SXL)

Slam Exploration Ltd is a Canadian-based exploration and development company with a focus on gold properties in the Atlantic provinces of Canada. The company has a market capitalization of $2.69 million and a return on equity of -21.02%. Slam Exploration Ltd is engaged in the exploration and development of gold properties in the Atlantic provinces of Canada. The company’s flagship property is the Tintamarre Property, located in the Baie Verte mining district of Newfoundland and Labrador, Canada.

Summary

Investors may be interested in Laurion Mineral Exploration Inc. for a number of reasons.

First, the company’s stock price has been on the rise lately, increasing by 24.5% on Friday. This may be due to the fact that news coverage of Laurion has been mostly positive, with many analysts praising the company’s recent drilling results.

Additionally, Laurion is a junior mining company with a large portfolio of exploration properties, giving it significant upside potential. For investors looking for exposure to the mining sector, Laurion may be worth considering.