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Kermode Resources ( (TSE:KLM) ) has shared an update.
Kermode Resources Ltd has completed the first tranche of a non-brokered private placement, raising $19,000 through the issuance of 1,900,000 units at $0.01 per unit. The proceeds will be used for general working capital, with no insider investments or finder’s fees involved. The company plans to close a second tranche by July 1, 2025, pending TSX Venture Exchange approval.
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 globally.
Average Trading Volume: 512,039
Technical Sentiment Signal: Sell
Current Market Cap: C$893.4K
Learn more about KLM stock on TipRanks’ Stock Analysis page.