Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Metals Creek Resources ( (TSE:MEK) ) has provided an announcement.
Metals Creek Resources Corp. has announced the closing of its second and final tranche of a private placement financing, raising a total of $663,500 through the issuance of flow-through and non-flow-through units. The funds will be used for exploration activities in Newfoundland and Ontario, including the Ogden project. The financing is pending final approval from the TSX Venture Exchange and includes a four-month hold period for all securities issued.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.
Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, with a focus on gold exploration. It holds a 50% interest in the Ogden Gold Property in Ontario, and its shares are traded on the TSX Venture Exchange under the symbol ‘MEK’.
Average Trading Volume: 462,313
Technical Sentiment Signal: Buy
Current Market Cap: C$5.8M
See more data about MEK stock on TipRanks’ Stock Analysis page.