TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mammoth Resources ( (TSE:MTH) ) just unveiled an update.
Mammoth Resources announced the closing of the first tranche of its upsized private placement, raising $545,548 through the issuance of 21,821,902 units. This move is part of a larger effort to raise up to $980,000, with each unit consisting of one common share and one-half common share purchase warrant. The funds are expected to support the company’s exploration activities and strengthen its position in the precious metals industry.
Spark’s Take on TSE:MTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTH is a Underperform.
Mammoth Resources faces significant financial challenges with persistent losses and negative equity, severely impacting its financial performance score. While technical indicators suggest short-term positive momentum, the overbought RSI warns of possible price corrections. The negative P/E ratio and absence of dividends further detract from the stock’s appeal, resulting in a low overall score.
To see Spark’s full report on TSE:MTH stock, click here.
More about Mammoth Resources
Mammoth Resources is a precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other mining-friendly jurisdictions in the Americas. The company holds a 100% interest in the Tenoriba gold property in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico, and seeks additional opportunities for exploration projects in the Americas.
Average Trading Volume: 281,036
Technical Sentiment Signal: Sell
Current Market Cap: C$2.36M
See more data about MTH stock on TipRanks’ Stock Analysis page.