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Nubian Resources ( (TSE:CPI) ) has provided an announcement.
Carlton Precious Inc. has announced a non-brokered private placement to raise up to $1,035,000 by issuing 11,500,000 units, each priced at $0.09. The funds will be used to initiate a drilling program at the Esquilache Project in Peru and for general working capital purposes, pending necessary regulatory approvals.
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 specializing in precious and base metals. It is listed on the TSX Venture Exchange and focuses on key mining jurisdictions including Peru and Australia, managed by a team of experienced mining and geological professionals.
Average Trading Volume: 36,069
Technical Sentiment Signal: Buy
Current Market Cap: C$7.51M
See more data about CPI stock on TipRanks’ Stock Analysis page.