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Gold Hunter Resources ( (TSE:HUNT) ) has shared an announcement.
Gold Hunter Resources has upsized its previously announced non-brokered private placement to raise up to $6.15 million through the issuance of up to 30 million flow-through units at $0.055 and up to 90 million non-flow-through units at $0.05, following an initial tranche that closed in late December. The expanded financing, which features warrants subject to shareholder approval due to the significant potential dilution, is intended to fund project evaluation, meet property commitments and payables, and support general working capital, marking a key step in strengthening the company’s balance sheet and advancing its exploration portfolio pending regulatory approvals from the Canadian Securities Exchange.
The most recent analyst rating on (TSE:HUNT) stock is a Hold with a C$0.12 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 persistent negative operating/free cash flow. Technicals are supportive due to strong momentum and price above key moving averages, but extremely overbought readings raise pullback risk. Valuation is constrained by loss-making earnings (negative P/E) and no dividend yield data.
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. Using a data-driven exploration strategy that combines modern techniques with historical information, the company targets district-scale opportunities, with its flagship Great Northern Project in Newfoundland spanning 26,237 hectares and more than 35 kilometres along the mineral-rich Doucers Valley Fault Structure, which hosts numerous splays and secondary faults with known and prospective mineralization.
Average Trading Volume: 428,160
Technical Sentiment Signal: Buy
Current Market Cap: C$16.45M
For detailed information about HUNT stock, go to TipRanks’ Stock Analysis page.