Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Gold Hunter Resources ( (TSE:HUNT) ) just unveiled an update.
Gold Hunter Resources Inc. has issued detailed supplemental disclosure on the first tranche of its recently closed non-brokered private placement, clarifying the composition of securities sold. The company reported issuing 12,830.037 flow-through units, 9,400,000 hard dollar units, and 1,148,655 non-transferable finder’s warrants, for a total of 22,230,037 common shares and 16,963,673 share purchase warrants, while confirming that all other information from its earlier announcement remains unchanged. The clarification provides greater transparency on the capital structure impact of the financing, which supports Gold Hunter’s ongoing exploration work at its Great Northern Project and may influence investor assessment of dilution and funding available for advancing its district-scale mineral targets.
The most recent analyst rating on (TSE:HUNT) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Gold Hunter Resources stock, see the TSE:HUNT Stock Forecast page.
Spark’s Take on TSE:HUNT Stock
According to Spark, TipRanks’ AI Analyst, TSE:HUNT is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and deteriorating negative cash flow). Offsetting this are improving technical momentum and a series of positive exploration/financing-related corporate updates, while valuation support is limited due to losses and no dividend.
To see Spark’s full report on TSE:HUNT stock, click here.
More about Gold Hunter Resources
Gold Hunter Resources Inc. is a Canadian mineral exploration company focused on acquiring and advancing high-potential precious and base metal projects. It uses a data-driven exploration strategy that blends modern techniques with historical datasets to identify and develop district-scale opportunities, with its flagship Great Northern Project spanning 26,237 hectares and more than 35 kilometres along Newfoundland’s prospective Doucers Valley Fault Structure, where multiple splays and secondary faults with known and potential mineralization have been identified.
Average Trading Volume: 348,867
Technical Sentiment Signal: Sell
Current Market Cap: C$8.22M
Find detailed analytics on HUNT stock on TipRanks’ Stock Analysis page.