Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Patagonia Gold ( (TSE:PGDC) ) just unveiled an announcement.
Patagonia Gold Corp. has announced an increase in its loan facility with Cantomi Capital Ltd., raising the maximum amount from US$45 million to US$50 million. The additional funds will be used for downpayments on long lead time items for the Calcatreu project and general working capital, pending financing with Black River Mine Inc. This move is expected to support the company’s development projects and strengthen its operational capabilities in the region.
Spark’s Take on TSE:PGDC Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGDC is a Neutral.
Patagonia Gold’s overall stock score reflects substantial financial difficulties, with weak income, balance sheet, and cash flow metrics. Despite some technical momentum, valuation concerns due to unprofitability weigh on the stock’s attractiveness.
To see Spark’s full report on TSE:PGDC stock, click here.
More about Patagonia Gold
Patagonia Gold Corp. is a publicly traded mining company focused on South America, specifically Argentina’s Patagonia region. The company is listed on the TSX Venture Exchange and aims to enhance shareholder value by exploring and developing gold and silver projects, with a primary focus on the Calcatreu project in Rio Negro and the Cap-Oeste underground project. Patagonia holds mineral rights to over 400 properties across several Argentine provinces and is a major landholder in Santa Cruz.
YTD Price Performance: 50.0%
Average Trading Volume: 69,505
Technical Sentiment Signal: Sell
Current Market Cap: C$20.93M
For an in-depth examination of PGDC stock, go to TipRanks’ Stock Analysis page.