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Pacific Empire Minerals ( (TSE:PEMC) ) has provided an announcement.
Pacific Empire Minerals Corp. announced a non-brokered private placement to raise up to C$1.125 million through the sale of Hard Dollar Units and Flow-Through Units. The funds will be used for a significant diamond drilling program at the Trident project, targeting previously inaccessible northern areas due to a creek crossing. With new permits in place, the company aims to test high-priority porphyry and breccia targets, potentially leading to a major discovery and enhancing its position in the copper-gold exploration industry.
Spark’s Take on TSE:PEMC Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEMC is a Underperform.
The overall score for Pacific Empire Minerals is low due to significant financial struggles with no revenue, continuous losses, and reliance on external financing. The technical analysis also indicates bearish trends. Although the corporate events indicate potential for future resource development, the lack of current profitability and negative valuation metrics heavily weigh down the score.
To see Spark’s full report on TSE:PEMC stock, click here.
More about Pacific Empire Minerals
Pacific Empire Minerals Corp. is a copper-gold exploration company based in British Columbia, focusing on advancing its Trident copper-gold-silver porphyry project.
Average Trading Volume: 375,340
Technical Sentiment Signal: Buy
Current Market Cap: C$4.89M
Find detailed analytics on PEMC stock on TipRanks’ Stock Analysis page.