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James Bay Resources ( (TSE:JBR) ) has shared an update.
James Bay Resources Limited has secured an extension of price protection from the Canadian Securities Exchange for its previously announced private placement of up to 17,500,000 common shares at $0.02 per share, for potential gross proceeds of up to $350,000. The company has already closed a first tranche raising $75,000 through the issuance of 3,750,000 shares, with all other terms of the financing unchanged and final completion still subject to exchange approval. Net proceeds are earmarked for working capital, and the new shares will be subject to a four‑month‑plus‑one‑day hold period, underscoring the company’s continued reliance on equity financing to support its operations and liquidity.
The most recent analyst rating on (TSE:JBR) stock is a Sell with a C$0.01 price target. To see the full list of analyst forecasts on James Bay Resources stock, see the TSE:JBR Stock Forecast page.
Spark’s Take on TSE:JBR Stock
According to Spark, TipRanks’ AI Analyst, TSE:JBR is a Underperform.
The score is driven primarily by very weak financial performance (no revenue base, persistent losses, negative equity, and recent cash burn). Technical indicators also lean bearish with the stock trading below major moving averages, while valuation signals are constrained by negative earnings and no dividend yield data.
To see Spark’s full report on TSE:JBR stock, click here.
More about James Bay Resources
James Bay Resources Limited is a Canadian-listed company trading on the Canadian Securities Exchange under the symbol JBR, with 84,826,241 common shares issued and outstanding as of the date of the release. The firm operates as a small-cap issuer focused on accessing capital markets to support its ongoing corporate and working capital needs.
Average Trading Volume: 11,166
Technical Sentiment Signal: Hold
Current Market Cap: C$1.22M
See more data about JBR stock on TipRanks’ Stock Analysis page.