Carlton Precious Upsizes Private Placement to Boost Exploration Efforts

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

Carlton Precious Inc. has announced an increase in its non-brokered private placement to $1.5 million due to investor demand. The funds raised will support drilling at the Esquilache Project in Peru, exploration at the Matthina Gold Project, and general working capital, potentially enhancing the company’s operational capabilities and market positioning.

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. It operates in key mining jurisdictions such as Peru and Australia, and is listed on the TSX Venture Exchange. The company is managed by a team of experienced mining and geological professionals.

Average Trading Volume: 45,260

Technical Sentiment Signal: Buy

Current Market Cap: C$6.14M

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