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The latest update is out from Core Assets Corp. ( (TSE:CC) ).
Core Silver Corp. announced a fully subscribed non-brokered private placement financing, aiming to raise up to $2 million by issuing 8 million units at $0.25 each. The proceeds will be used for general working capital and property exploration, with a focus on the Blue Property in British Columbia. This move underscores Core Silver’s commitment to advancing its exploration efforts in the Atlin Mining District, potentially enhancing its position in the mineral exploration industry.
Spark’s Take on TSE:CC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CC is a Neutral.
Core Assets Corp. is under significant financial strain due to its lack of revenue and persistent losses, which heavily weigh down its overall score. Technical analysis indicates bearish momentum, further adding to the stock’s challenges. Valuation metrics are unfavorable with a negative P/E ratio. However, the recent corporate discovery provides a positive outlook, offering a potential strategic opportunity for future growth.
To see Spark’s full report on TSE:CC stock, click here.
More about Core Assets Corp.
Core Silver Corp. is a Canadian mineral exploration company focused on acquiring and developing mineral projects in British Columbia, Canada. The company holds 100% ownership of the Blue Property in the Atlin Mining District, a historically significant gold mining area. Core Silver aims to leverage advancements in geological understanding to explore and potentially discover new mineral deposits in the region.
Average Trading Volume: 39,571
Technical Sentiment Signal: Hold
Current Market Cap: C$5.59M
Learn more about CC stock on TipRanks’ Stock Analysis page.