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Palisades Goldcorp Ltd. ( (TSE:PALI) ) has shared an update.
Palisades Goldcorp Ltd. announced that New Found Gold Corp., in which it holds a significant equity interest, has filed a technical report for the Queensway Gold Project in Newfoundland and Labrador, Canada. This filing marks an important step in assessing the project’s mineral resources, potentially impacting Palisades’ investment value and positioning in the resource sector.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies in the resource and mining sector. The company aims to acquire equity in pre-IPO and early-stage public resource companies with high-quality projects that are either undeveloped or undervalued. Palisades targets companies needing financial resources to reach their potential, are undervalued in capital markets, or operate in low to moderate political risk areas. The company is listed on the TSX Venture Exchange under the symbol ‘PALI’ and holds a diverse portfolio, including a 21.62% interest in New Found Gold Corp.
YTD Price Performance: -41.56%
Average Trading Volume: 40,283
Technical Sentiment Signal: Buy
Current Market Cap: C$46.08M
See more insights into PALI stock on TipRanks’ Stock Analysis page.