Carlton Precious Completes Final Tranche of Private Placement

The latest update is out from Nubian Resources ( (TSE:CPI) ).

Carlton Precious Inc. announced the closing of an additional and final tranche of its non-brokered private placement, raising a total of $1,647,295 through the issuance of 18,303,277 units. The proceeds will fund exploration activities at the Esquilache Project in Peru and the Matthina Gold Project, as well as general working capital. This transaction involved a related party, with the company relying on exemptions from certain regulatory requirements to expedite the process.

Spark’s Take on TSE:CPI Stock

According to Spark, TipRanks’ AI Analyst, TSE:CPI is a Underperform.

The most significant factor impacting the score is the company’s lack of revenue and consistent financial losses, which greatly affect profitability and sustainability, leading to a low financial performance score. Technical analysis shows neutral market momentum, while valuation remains unattractive due to a negative P/E ratio and no dividend yield. The absence of earnings call and corporate events data further limits the evaluation.

To see Spark’s full report on TSE:CPI stock, click here.

More about Nubian Resources

Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, with projects in key mining jurisdictions such as Peru and Australia. The company is managed by experienced mining and geological professionals and is listed on the TSX Venture Exchange.

Average Trading Volume: 64,789

Technical Sentiment Signal: Buy

Current Market Cap: C$9.55M

Find detailed analytics on CPI stock on TipRanks’ Stock Analysis page.