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Spearmint Resources Inc ( (TSE:ADDY) ) has issued an update.
Adelayde Exploration Inc. has announced a non-brokered private placement offering of up to 8,333,333 units at $0.06 per unit, consisting of one common share and one transferable share purchase warrant. The proceeds will be used for general working capital and project evaluations, with the offering expected to close by August 15, 2025, subject to regulatory approvals.
Spark’s Take on TSE:ADDY Stock
According to Spark, TipRanks’ AI Analyst, TSE:ADDY is a Underperform.
Spearmint Resources Inc. faces significant financial performance challenges, marked by zero revenue and persistent losses. Despite a strong equity position with no debt, declining assets and negative cash flow highlight potential liquidity issues. Technical indicators show stagnant momentum with neutral RSI and overbought Stochastic. Valuation is unattractive due to a negative P/E ratio and no dividend yield. However, the recent acquisition in the tungsten sector is a strategic positive, providing some potential for future growth.
To see Spark’s full report on TSE:ADDY stock, click here.
More about Spearmint Resources Inc
Average Trading Volume: 52,139
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.3M
For detailed information about ADDY stock, go to TipRanks’ Stock Analysis page.