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Carlton Precious Upsizes Private Placement to Fund Peru Drilling

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Carlton Precious Upsizes Private Placement to Fund Peru Drilling

Confident Investing Starts Here:

An update from Nubian Resources ( (TSE:CPI) ) is now available.

Carlton Precious Inc. announced an increase in its non-brokered private placement to 18,700,000 units, aiming to raise up to $1,683,000. The proceeds will fund a drilling program at the Esquilache Project in Peru and support general working capital. This expansion reflects Carlton’s strategic focus on enhancing its exploration activities in key mining regions, potentially strengthening its market position and offering growth opportunities for stakeholders.

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. The company operates in key mining jurisdictions, including Peru and Australia, and is managed by a team of experienced mining and geological professionals.

Average Trading Volume: 54,016

Technical Sentiment Signal: Buy

Current Market Cap: C$7.17M

See more data about CPI stock on TipRanks’ Stock Analysis page.

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