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The latest announcement is out from Alma Gold ( (TSE:ALMA) ).
Alma Gold Inc. has closed the second and final tranche of its upsized private placement, raising total gross proceeds of $1,475,000 through the issuance of 18,437,500 units priced at $0.08 each, with each unit comprising one common share and a five-year warrant exercisable at $0.15. The financing, completed without finder’s fees and subject to standard hold periods, strengthens the company’s balance sheet and provides additional capital for general working capital needs and potential strategic initiatives, supporting its ongoing gold exploration activities in Guinea and reinforcing its ability to pursue growth opportunities in West Africa’s gold sector.
The most recent analyst rating on (TSE:ALMA) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Alma Gold stock, see the TSE:ALMA Stock Forecast page.
Spark’s Take on TSE:ALMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALMA is a Neutral.
The score is primarily held down by weak financial performance (no revenue, widened losses, and ongoing cash burn) and a challenged valuation profile due to negative earnings. Technicals are only mildly supportive, with neutral momentum and a mixed trend versus longer-term moving averages, while the low-debt balance sheet modestly offsets the financial risk.
To see Spark’s full report on TSE:ALMA stock, click here.
More about Alma Gold
Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia, operating primarily through its subsidiary Karita Gold Corp. The company is advancing the Karita West Project in northern Guinea and has Dialakoro project permits under application in Guinea’s Siguiri Basin, positioning it within West Africa’s prolific gold exploration corridor.
Average Trading Volume: 96,120
Technical Sentiment Signal: Buy
Current Market Cap: C$5.88M
Find detailed analytics on ALMA stock on TipRanks’ Stock Analysis page.