Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Bolt Metals ( (TSE:BOLT) ) has shared an announcement.
Bolt Metals Corp. has increased the size of its previously announced non-brokered private placement from up to $4 million to up to $6 million, reflecting strong investor interest in its financing. The upsized offering now contemplates the issuance of up to 19,354,838 special warrants at $0.31 each, with each special warrant automatically converting into a unit comprising one common share and one warrant exercisable at $0.41 for two years, subject to a 10% ownership blocker. The financing, which remains contingent on customary regulatory approvals, will be used to fund ongoing exploration activities, operations, administrative expenses and general working capital, potentially strengthening Bolt Metals’ ability to advance its mineral projects and support its broader corporate objectives in the resource sector.
The most recent analyst rating on (TSE:BOLT) stock is a Hold with a C$0.54 price target. To see the full list of analyst forecasts on Bolt Metals stock, see the TSE:BOLT Stock Forecast page.
Spark’s Take on TSE:BOLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:BOLT is a Neutral.
Overall score is held down primarily by very weak fundamentals (no revenue, ongoing losses, and higher 2024 cash burn). Technicals are moderately positive with price above major moving averages, while valuation is constrained by negative earnings and no dividend. Recent financings help liquidity for exploration but also highlight continued dependence on capital markets.
To see Spark’s full report on TSE:BOLT stock, click here.
More about Bolt Metals
Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on developing drill-ready precious and base metal properties with high-upside and expansion potential. The company is listed on the Canadian Securities Exchange under the symbol BOLT, trades over-the-counter in the U.S. under PCRCF, and is also listed in Germany under WKN A3D8AK, targeting investors interested in early-stage resource projects.
Average Trading Volume: 57,706
Technical Sentiment Signal: Sell
Current Market Cap: C$3.28M
For detailed information about BOLT stock, go to TipRanks’ Stock Analysis page.