Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Harvest Gold ( (TSE:HVG) ) has provided an announcement.
Harvest Gold Corporation has successfully closed a non-brokered private placement, raising $2.3 million, with Crescat Capital as the lead investor. This funding will support their 2025 drilling campaign and exploration expenses in Quebec. Crescat’s investment increases its ownership to 19.73%, highlighting confidence in Harvest Gold’s potential. The company plans to begin drilling at Mosseau and explore Urban Barry and Labelle, aiming to capitalize on promising targets in a highly prospective greenstone belt.
Spark’s Take on TSE:HVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.
Harvest Gold’s overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock’s unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.
To see Spark’s full report on TSE:HVG stock, click here.
More about Harvest Gold
Harvest Gold Corporation is a mining company with three active gold projects in the Urban Barry area, covering 329 claims over 17,539.25 hectares, located near the Gold Fields Windfall Deposit. The company is led by a team with over 400 years of combined geological and financing experience and is committed to fostering positive relationships with local Indigenous communities.
Average Trading Volume: 147,563
Technical Sentiment Signal: Buy
Current Market Cap: C$8.81M
Learn more about HVG stock on TipRanks’ Stock Analysis page.