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Grizzly Discoveries ( (TSE:GZD) ) has issued an announcement.
Grizzly Discoveries Inc. announced a private placement offering to raise up to $1 million through the sale of Units and FT Units at $0.03 each. The proceeds will be used for mineral property exploration, mineral rights and exploration permits, and corporate overhead costs. The offering is subject to TSX Venture Exchange acceptance and includes potential finders fees.
Spark’s Take on TSE:GZD Stock
According to Spark, TipRanks’ AI Analyst, TSE:GZD is a Underperform.
Grizzly Discoveries is facing severe financial difficulties, with no revenue and persistent losses impacting its performance. The technical analysis indicates a stagnant market sentiment, and the valuation reflects ongoing financial challenges. However, the company’s recent corporate actions, including a private placement and new drilling permits, offer some potential for future improvement. Overall, the stock score is low, indicating a need for substantial improvement in revenue generation and financial management.
To see Spark’s full report on TSE:GZD stock, click here.
More about Grizzly Discoveries
Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company listed on the TSX Venture Exchange. The company focuses on developing its approximately 72,700 hectares of precious and base metals properties in southeastern British Columbia. It is managed by an experienced team with a track record of advancing exploration projects from early exploration to feasibility stages.
Average Trading Volume: 51,685
Technical Sentiment Signal: Sell
Current Market Cap: C$2.59M
See more data about GZD stock on TipRanks’ Stock Analysis page.