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Pantera Silver ( (TSE:PNTR) ) has issued an announcement.
Pantera Silver Corp. announced the successful closing of an oversubscribed non-brokered private placement, raising C$1.65 million through the issuance of 6,600,000 units at C$0.25 per unit. Each unit includes one common share and one share purchase warrant, exercisable at C$0.40 for two years. This financing supports Pantera’s ongoing mineral exploration and development activities, reinforcing its strategic focus on silver projects and potentially enhancing its market position in the mineral exploration industry.
Spark’s Take on TSE:PNTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNTR is a Underperform.
Pantera Silver’s overall stock score is low primarily due to its weak financial performance, characterized by no revenue, ongoing losses, and cash flow issues. While technical analysis shows some positive momentum and recent corporate events are promising, the lack of profitability and unattractive valuation weigh heavily on the overall score.
To see Spark’s full report on TSE:PNTR stock, click here.
More about Pantera Silver
Pantera Silver Corp. is a mineral exploration and development company focused on advancing a silver-focused portfolio of mineral projects. The company aims to enhance shareholder value through collaborative partnerships and highly experienced technical teams, seeking high-quality projects through research, staking, and strategic acquisitions. Pantera is committed to nurturing prosperous communities and contributing to the growing needs of mined raw materials for a new green economy.
YTD Price Performance: 4.00%
Average Trading Volume: 158,902
Technical Sentiment Signal: Hold
Current Market Cap: C$13.58M
For a thorough assessment of PNTR stock, go to TipRanks’ Stock Analysis page.