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An announcement from Metallis Resources ( (TSE:MTS) ) is now available.
Metallis Resources Inc. has clarified that, in connection with its recently closed $1,262,000 private placement financing, it paid aggregate cash finders’ fees of $7,280 to eligible intermediaries. All other terms of the financing remain unchanged, and the placement is still subject to final acceptance by the TSX Venture Exchange, a step that will formalize the company’s strengthened capital position for advancing its exploration projects.
The most recent analyst rating on (TSE:MTS) stock is a Sell with a C$0.19 price target. To see the full list of analyst forecasts on Metallis Resources stock, see the TSE:MTS Stock Forecast page.
Spark’s Take on TSE:MTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTS is a Neutral.
The score is primarily constrained by poor financial performance (pre-revenue, widening losses and negative free cash flow), reinforced by bearish technical signals (price below major moving averages and negative MACD). Valuation is neutral because negative earnings make P/E less informative and no dividend yield is available.
To see Spark’s full report on TSE:MTS stock, click here.
More about Metallis Resources
Metallis Resources Inc. is a Vancouver-based mineral exploration company focused on gold, copper and silver. Its key assets are the 100%-owned Kirkham Property in British Columbia’s Golden Triangle and the Greyhound gold, silver and antimony property in Idaho, and its shares trade in Canada, the U.S. and Germany.
Average Trading Volume: 73,678
Technical Sentiment Signal: Sell
Current Market Cap: C$14.57M
See more insights into MTS stock on TipRanks’ Stock Analysis page.