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An announcement from NV Gold ( (TSE:NVX) ) is now available.
NV Gold Corporation has launched a non-brokered private placement of up to 5 million units at $0.20 per unit, targeting gross proceeds of up to $1 million, with each unit comprising one common share and a two-year warrant exercisable at $0.50. The financing, which may include insider participation and remains subject to TSX Venture Exchange approval and a standard four-month-plus-one-day hold period, is intended to bolster the company’s general working capital, supporting its ongoing exploration activities and positioning it to advance its priority Nevada projects in a capital-intensive exploration environment.
The most recent analyst rating on (TSE:NVX) stock is a Sell with a C$0.20 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.
Spark’s Take on TSE:NVX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NVX is a Neutral.
The score is held down primarily by weak financial performance (nil revenue, ongoing losses, and negative cash flow), despite a comparatively low-debt balance sheet and some improvement in cash burn. Technicals are moderately supportive with price above major moving averages and neutral momentum, while valuation remains challenged due to unprofitability and no dividend support.
To see Spark’s full report on TSE:NVX stock, click here.
More about NV Gold
NV Gold Corporation is a Vancouver- and Reno-based mineral exploration company with approximately 26.2 million shares outstanding and no debt. The company holds 12 exploration projects in Nevada and one in Switzerland, with key focus on its Slumber, Triple T and SW Pipe projects, and aims to create value through gold and mineral discoveries in Nevada using its large property portfolio, in-house technical team and geological data library.
Average Trading Volume: 22,031
Technical Sentiment Signal: Hold
Current Market Cap: C$5.81M
Find detailed analytics on NVX stock on TipRanks’ Stock Analysis page.