Midland Exploration Completes $3.0 Million Private Placement

An announcement from Midland Exploration ( (TSE:MD) ) is now available.

Midland Exploration Inc. has successfully closed a $3.0 million non-brokered private placement by issuing flow-through shares and common shares. The proceeds will be used for exploration in Quebec and general corporate purposes. Centerra Gold Inc. has maintained its ownership stake by acquiring additional shares, and insiders participated in the placement. This transaction is subject to certain regulatory exemptions and final acceptance by the TSX Venture Exchange.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Spark’s Take on TSE:MD Stock

According to Spark, TipRanks’ AI Analyst, TSE:MD is a Neutral.

Midland Exploration’s stock score is primarily influenced by its financial performance and technical analysis. The company shows financial stability with low leverage and strong free cash flow growth, but struggles with profitability and operational efficiency. The technical indicators reveal strong bullish momentum, although overbought conditions suggest caution. The valuation is weak due to negative earnings and lack of dividends.

To see Spark’s full report on TSE:MD stock, click here.

More about Midland Exploration

Midland Exploration Inc. is focused on discovering new world-class deposits of gold and critical metals in Quebec. The company collaborates with reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., Barrick, and others, and aims to quickly conclude additional agreements to enhance its portfolio and generate shareholder value.

Average Trading Volume: 62,364

Technical Sentiment Signal: Buy

Current Market Cap: C$48.35M

See more insights into MD stock on TipRanks’ Stock Analysis page.