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Provenance Gold Corp. ( (TSE:PAU) ) just unveiled an announcement.
Provenance Gold Corp. has increased its non-brokered private placement financing to $2 million due to strong investor interest. The funds will be used to advance its Eldorado project in eastern Oregon, with a systematic RC drilling program currently underway, as well as for working capital and general corporate purposes.
Spark’s Take on TSE:PAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:PAU is a Neutral.
Provenance Gold Corp. shows significant risk due to its exploratory nature, with no revenue and ongoing losses. Financial performance is weak, but low debt is a positive aspect. Technical indicators suggest a short-term positive trend, yet the company’s valuation is challenging due to continuous losses. The absence of earnings call data and corporate events does not provide additional insights.
To see Spark’s full report on TSE:PAU stock, click here.
More about Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company focused on gold and silver mineralization within North America, with interests in Nevada and eastern Oregon, USA.
Average Trading Volume: 314,611
Technical Sentiment Signal: Buy
Current Market Cap: C$26.39M
For a thorough assessment of PAU stock, go to TipRanks’ Stock Analysis page.