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Kermode Resources ( (TSE:KLM) ) has issued an announcement.
Kermode Resources Ltd has completed a private placement, raising $19,000 through the issuance of 1,900,000 units at $0.01 per unit. Each unit includes one common share and one warrant, exercisable at $0.05 for 60 months. The funds will be used for general working capital, excluding management fees or investor relations. The company did not meet its financing goal of $100,000, and no insiders participated in this tranche. The CEO acknowledged the oversight in not claiming the Mining Exploration Tax Credit in BC, which will now be prioritized. The Board continues its strategic review process.
Spark’s Take on TSE:KLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLM is a Underperform.
Kermode Resources exhibits high financial risk with consistent losses and no revenue, reflected in a low financial performance score. While recent corporate events show potential for strategic growth, they are overshadowed by governance issues and financial constraints. Technical analysis indicates limited momentum, and the valuation metrics suggest overvaluation. These factors collectively contribute to a low overall stock score.
To see Spark’s full report on TSE:KLM stock, click here.
More about Kermode Resources
Kermode Resources Ltd is a junior mining company focused on exploring opportunities worldwide.
Average Trading Volume: 435,747
Technical Sentiment Signal: Sell
Current Market Cap: C$893.4K
See more insights into KLM stock on TipRanks’ Stock Analysis page.