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Laramide Resources ( (TSE:LAM) ) has issued an announcement.
Laramide Resources Ltd. has successfully closed an upsized $12 million private placement, issuing 20 million common shares at $0.60 each. The proceeds will be used to advance US permitting initiatives, working capital, and general corporate purposes. The offering, which involved related party transactions, was completed without a hold period under Canadian securities laws, and advisors and finders were compensated with cash commissions and broker warrants.
Spark’s Take on TSE:LAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LAM is a Underperform.
Laramide Resources faces significant financial difficulties, with no revenue and increasing losses, leading to a low financial performance score. Technical analysis indicates limited momentum, and the valuation is weak due to a negative P/E ratio. However, recent corporate events show potential for future growth with increased uranium reserves and successful exploration efforts. Despite these positive developments, the company’s current financial and operational challenges heavily weigh down the overall stock score.
To see Spark’s full report on TSE:LAM stock, click here.
More about Laramide Resources
Laramide Resources Ltd. is a uranium mine development and exploration company with significant assets in the United States and Australia. The company focuses on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions, with a portfolio that includes advanced uranium projects in areas with historical production or strong geological potential. Laramide is also engaged in strategic exploration in Kazakhstan, targeting world-class roll-front deposits suitable for in-situ recovery.
Average Trading Volume: 247,077
Technical Sentiment Signal: Sell
Current Market Cap: C$139.7M
Find detailed analytics on LAM stock on TipRanks’ Stock Analysis page.