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An update from Cerro de Pasco Resources Inc ( (TSE:CDPR) ) is now available.
Cerro de Pasco Resources Inc. announced the successful closing of a $22.7 million financing through a combination of brokered and non-brokered private placements. This financing, which included significant participation from investor Eric Sprott, positions the company to advance the Quiulacocha Project towards pre-construction readiness, emphasizing technical, environmental, and engineering advancements. The capital raised is expected to enhance the company’s financial stability and commitment to sustainable development, impacting both its operational capabilities and stakeholder confidence.
Spark’s Take on TSE:CDPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CDPR is a Underperform.
Cerro de Pasco Resources Inc. faces significant financial challenges with negative profitability and high leverage, substantially impacting its overall stock score. While the stock’s valuation appears attractive with a low P/E ratio, the company’s financial instability poses a high risk. Technical indicators do not currently show strong momentum, contributing to a cautious outlook.
To see Spark’s full report on TSE:CDPR stock, click here.
More about Cerro de Pasco Resources Inc
Cerro de Pasco Resources Inc. operates in the mining industry, focusing on the development and transformation of the historic Cerro de Pasco district. The company is primarily engaged in advancing projects like the Quiulacocha Tailings Project, aiming to set standards in responsible resource development and sustainability.
Average Trading Volume: 760,604
Technical Sentiment Signal: Buy
Current Market Cap: C$241.6M
For an in-depth examination of CDPR stock, go to TipRanks’ Overview page.