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The latest update is out from Kintavar Exploration Inc. ( (TSE:KTR) ).
Kintavar Exploration Inc. has announced a non-brokered private placement to raise up to $5 million to fund drilling at its Roger Project, following promising electromagnetic survey results. This financing will enable Kintavar to test and potentially confirm the presence of valuable base-metal sulphides, enhancing the project’s potential and strengthening the company’s position in the mineral exploration sector.
Spark’s Take on TSE:KTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:KTR is a Neutral.
Kintavar Exploration Inc.’s overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and persistent losses. Despite this, the stock’s technical indicators show positive momentum, providing some optimism. However, the negative valuation metrics, including a negative P/E ratio and lack of dividend yield, further weigh down the score.
To see Spark’s full report on TSE:KTR stock, click here.
More about Kintavar Exploration Inc.
Kintavar Exploration Inc. operates in the mineral exploration industry, focusing on the discovery and development of copper, zinc, gold, and silver deposits. The company is particularly focused on advancing its Roger Copper-Gold Project located in Quebec, Canada.
Average Trading Volume: 379,541
Technical Sentiment Signal: Buy
Current Market Cap: C$9.7M
See more data about KTR stock on TipRanks’ Stock Analysis page.