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The latest announcement is out from Total Helium Ltd ( (TSE:ALTU) ).
Altura Energy Corp. has launched a non-brokered private placement of at least 10 million units at $0.10 per unit to raise a minimum of $1 million, with each unit comprising one common share and a warrant exercisable at $0.25 for up to five years and subject to an accelerated expiry clause tied to share price performance. The company plans to use the net proceeds for site maintenance, additional well recompletions, and general working capital, while the offering—expected to close around January 30, 2026—remains subject to TSX Venture Exchange approval, includes potential finder’s fees and warrants, imposes a standard four-month-plus-one-day hold period on securities, and will involve insider participation treated as a related-party transaction under MI 61-101, albeit within thresholds that allow exemptions from formal valuation and minority approval requirements.
Spark’s Take on TSE:ALTU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALTU is a Underperform.
Total Helium Ltd’s overall stock score is significantly hindered by its financial instability, characterized by declining revenues, substantial net losses, and negative equity. Technical analysis indicates bearish sentiment with weak price trends and momentum indicators. Valuation metrics further detract from the score with a negative P/E ratio, suggesting a lack of profitability. However, the recent corporate rebranding and recapitalization efforts provide a glimmer of potential improvement in operational efficiency and financial stability.
To see Spark’s full report on TSE:ALTU stock, click here.
More about Total Helium Ltd
Altura Energy Corp. is an exploration and production company with interests in the Holbrook Basin of Arizona, focusing on developing and maintaining its energy assets in that region.
Average Trading Volume: 77,475
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.99M
See more insights into ALTU stock on TipRanks’ Stock Analysis page.