TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Freeman Gold Corp ( (TSE:FMAN) ) has provided an update.
Freeman Gold Corp. has closed a non-brokered private placement financing, raising $5.5 million through the issuance of 55 million units. The proceeds will be used for permitting the Lemhi Gold project, with directors and officers participating in the transaction, which is considered a related party transaction under Canadian securities laws.
Spark’s Take on TSE:FMAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.
Freeman Gold Corp’s stock score is driven by a strong balance sheet and positive corporate developments, suggesting potential for future growth. However, financial performance challenges and valuation constraints weigh on the overall score. The upward technical momentum and strategic corporate events offer optimism, but the company’s immediate revenue and cash flow issues require resolution to improve its financial outlook.
To see Spark’s full report on TSE:FMAN stock, click here.
More about Freeman Gold Corp
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold project. The project spans 30 square kilometers of land with a near-surface oxide gold resource, and the company is working towards a production decision.
Average Trading Volume: 691,608
Technical Sentiment Signal: Buy
Current Market Cap: C$45.32M
See more insights into FMAN stock on TipRanks’ Stock Analysis page.