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

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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 has three main competitors: Galway Gold Inc., 79North Inc., and Slam Exploration Ltd. All three of these companies are engaged in the business of mineral exploration and have their headquarters in Canada.

– Galway Gold Inc ($TSXV:GLW)

Galway Gold Inc is a Canadian company that operates in the mining industry. The company has a market capitalization of 3.54M as of 2022 and a return on equity of -77.06%. The company’s main business activity is the exploration and development of gold properties in the provinces of Quebec and Ontario, Canada.

– 79North Inc ($OTCPK:SVNTF)

The company’s market capitalization is $1.61 million as of January 1, 2022, and its return on equity is -272.05%. The company operates in the business of providing software and services to the healthcare industry.

– Slam Exploration Ltd ($TSXV:SXL)

Slam Exploration Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of crude oil and natural gas in Western Canada. The company has a market capitalization of $2.69 million and a negative return on equity of 21.02%. Slam Exploration Ltd. is headquartered in Calgary, Alberta.

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.