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Pulsar Helium, Inc. ( (TSE:PLSR) ) just unveiled an announcement.
Pulsar Helium Inc. has successfully closed its offering, raising gross proceeds of £3,720,100 through the issuance of over 16 million common shares. The funds will be used to advance the company’s Topaz helium project in Minnesota, USA, including drilling new appraisal wells and conducting a preliminary economic assessment. This strategic move aims to enhance Pulsar’s position in the helium industry by expanding its resource base and operational capabilities.
The most recent analyst rating on (TSE:PLSR) stock is a Buy with a C$1.57 price target. To see the full list of analyst forecasts on Pulsar Helium, Inc. stock, see the TSE:PLSR Stock Forecast page.
Spark’s Take on TSE:PLSR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLSR is a Underperform.
Pulsar Helium, Inc. is currently facing severe financial instability, with consistent losses, negative equity, and reliance on external financing. The technical indicators show limited positive momentum, overshadowed by a prevailing downward trend. The negative P/E ratio further reflects the company’s inability to generate earnings, presenting a fundamental valuation issue. These factors collectively suggest a challenging outlook for the stock, warranting caution for potential investors.
To see Spark’s full report on TSE:PLSR stock, click here.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded company focused on helium project development. It is quoted on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange under the ticker PLSR.
Average Trading Volume: 100,197
Technical Sentiment Signal: Sell
Current Market Cap: C$43.14M
Learn more about PLSR stock on TipRanks’ Stock Analysis page.