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GoldQuest Mining ( (TSE:GQC) ) has issued an announcement.
GoldQuest Mining Corp. has announced a non-brokered private placement to raise up to C$15 million by offering 30 million common shares at a price of $0.50 per share. The funds will be used for the completion of the Environmental and Social Impact Assessment, finalization of the Bankable Feasibility Study, mineral exploration at the Tireo Belt, and general corporate purposes. The private placement is expected to close by May 30, 2025, subject to regulatory approvals. This move is significant for GoldQuest as it aims to advance its projects in the Dominican Republic, potentially impacting its market positioning and stakeholder interests.
Spark’s Take on TSE:GQC Stock
According to Spark, TipRanks’ AI Analyst, TSE:GQC is a Neutral.
GoldQuest Mining faces significant challenges with no revenue generation and ongoing losses, reflected in a low financial performance score. The solid balance sheet provides some stability. Positive short-term technical indicators offer some optimism, but the unattractive valuation due to a negative P/E ratio and no dividend limits the overall appeal.
To see Spark’s full report on TSE:GQC stock, click here.
More about GoldQuest Mining
GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company focused on the Dominican Republic. The company’s flagship asset is the Romero gold-copper project, located within the highly prospective Tireo Formation. GoldQuest is listed on the TSX Venture Exchange under the symbol ‘GQC’ and continues to explore the broader Tireo Belt for new discoveries.
Average Trading Volume: 115,244
Technical Sentiment Signal: Buy
Current Market Cap: C$170.9M
Find detailed analytics on GQC stock on TipRanks’ Stock Analysis page.