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Capitan Silver ( (TSE:CAPT) ) has issued an announcement.
Capitan Silver announced the successful closing of a C$23 million bought deal financing, facilitated by key underwriters such as Stifel Canada. The funds will be primarily allocated towards exploration at the Cruz de Plata project and general corporate purposes. With substantial insider participation and adherence to securities regulations, this financing reinforces the company’s growth and exploration initiatives, contributing to its positioning in the precious metals market.
The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.
Spark’s Take on TSE:CAPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CAPT is a Neutral.
Capitan Mining’s overall stock score reflects significant financial challenges due to zero revenue and negative cash flows, outweighed by relatively strong technical indicators and promising corporate events involving strategic exploration and financing initiatives. However, the lack of profitability as indicated by the negative P/E ratio and absence of dividend yield is a concern.
To see Spark’s full report on TSE:CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. is a Vancouver-based company operating in the mining industry, primarily focused on the exploration and development of gold and silver resources, with its key project being the Cruz de Plata gold-silver project.
Average Trading Volume: 149,102
Technical Sentiment Signal: Buy
Current Market Cap: C$225M
For a thorough assessment of CAPT stock, go to TipRanks’ Stock Analysis page.