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An announcement from Caprock Mining Corp ( (TSE:CAPR) ) is now available.
Caprock Mining Corp. has successfully closed its non-brokered financing, raising a total of $897,400 through the issuance of hard dollar units and flow-through units. The proceeds will be used for exploration expenses on the Destiny gold property and general working capital. Additionally, Caprock confirmed the payment of the anniversary payment under the Destiny Option Agreement with Big Ridge Gold Corp., issuing 2,579,979 common shares to satisfy the requirement. This financing and payment strengthen Caprock’s position in the mineral exploration industry, particularly in the prolific Abitibi greenstone belt.
Spark’s Take on TSE:CAPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CAPR is a Neutral.
Caprock Mining Corp’s overall stock score reflects significant financial challenges due to zero revenue and negative profitability. Technical indicators show some short-term strength, but long-term weakness persists. Valuation remains a concern with a negative P/E ratio. However, recent corporate initiatives offer a positive strategic outlook, slightly boosting the overall score.
To see Spark’s full report on TSE:CAPR stock, click here.
More about Caprock Mining Corp
Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario. The company has an option to earn a 100% interest in the Destiny gold property, which comprises 127 mineral claims and covers an area of 5,013 hectares located near Val d’Or, Quebec.
Average Trading Volume: 290,416
Technical Sentiment Signal: Buy
Current Market Cap: C$6.87M
For an in-depth examination of CAPR stock, go to TipRanks’ Overview page.