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The latest announcement is out from CopperCorp Resources, Inc. ( (TSE:CPER) ).
CopperCorp Resources Inc. has increased the size of its previously announced non-brokered private placement due to high demand, aiming to raise up to $2.5 million. The funds will be used for exploration drilling and development of the Jukes and Hydes properties in Tasmania, as well as for general working capital. Crescat Capital LLC will participate in the placement, subscribing for C$500,000. The placement is subject to closing conditions, including TSX Venture Exchange approval, and may involve finders’ fees. Management participation is exempt from certain regulatory requirements.
Spark’s Take on TSE:CPER Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPER is a Neutral.
CopperCorp Resources, Inc. faces significant financial challenges with no revenue and consistent losses. The stock’s technical analysis suggests bearish momentum, but recent corporate discoveries offer potential growth. Valuation is unattractive due to negative earnings, though the promising resource find at Razorback could be a future catalyst.
To see Spark’s full report on TSE:CPER stock, click here.
More about CopperCorp Resources, Inc.
CopperCorp Resources Inc. is a TSX.V listed exploration company focused on the exploration and development of its copper-gold-REE projects, including the Skyline and AMC projects, located in western Tasmania.
Average Trading Volume: 240,703
Technical Sentiment Signal: Buy
Current Market Cap: C$9.27M
See more insights into CPER stock on TipRanks’ Stock Analysis page.