Carlton Precious Inc. Completes $1.6M Private Placement to Fund Exploration

Nubian Resources ( (TSE:CPI) ) just unveiled an update.

Carlton Precious Inc. has successfully closed a non-brokered private placement, raising $1,635,920 through the issuance of 18,176,888 units. The proceeds will be used for a drilling program at the Esquilache Project in Peru, exploration activities at the Matthina Gold Project, and general working capital. This transaction involved insiders of the company and was conducted under specific exemptions from regulatory requirements.

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 company focused on the exploration of precious and base metals. It operates in key mining jurisdictions such as Peru and Australia, and is managed by a team of experienced mining and geological professionals.

Average Trading Volume: 62,533

Technical Sentiment Signal: Buy

Current Market Cap: C$8.87M

For a thorough assessment of CPI stock, go to TipRanks’ Stock Analysis page.