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Orestone Mining ( (TSE:ORS) ) has issued an announcement.
Orestone Mining Corp. announced that Crescat Capital LLC, a strategic shareholder, will participate in its non-brokered private placement unit financing, contributing $232,800 to maintain its 11.64% ownership. This investment reflects Crescat’s confidence in Orestone’s exploration projects, particularly the newly acquired ground on the Francisca property, which is set for future drilling. Crescat, a global macro asset management firm, has been actively investing in the metals exploration and mining industry as part of its long-term strategic macro theme.
Spark’s Take on TSE:ORS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ORS is a Neutral.
Orestone Mining’s stock score reflects substantial financial challenges, characterized by zero revenue and persistent losses. Despite technical indicators showing upward momentum, the stock is overvalued with a negative P/E ratio and no dividend yield. The recent acquisition of a gold property offers potential growth, but it remains speculative given the current financial instability.
To see Spark’s full report on TSE:ORS stock, click here.
More about Orestone Mining
Orestone Mining Corp. is a Canadian-based company with a management team experienced in all aspects of the mining business. The company focuses on gold, silver, and copper projects in Canada and Argentina. Its key projects include the Francisca property in Argentina, aimed at defining an oxide gold deposit, and the Captain gold-copper project in British Columbia, which is ready for drilling.
Average Trading Volume: 119,553
Technical Sentiment Signal: Buy
Current Market Cap: C$6.28M
Learn more about ORS stock on TipRanks’ Stock Analysis page.