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Queen’s Road Capital Investment ( (TSE:QRC) ) just unveiled an announcement.
Queen’s Road Capital Investment Ltd. has agreed to invest US$20 million in ATHA Energy Corp. through a five-year convertible debenture carrying a 12% coupon and convertible into ATHA shares at C$0.85, pending regulatory approval expected by the end of the month. The deal deepens Queen’s Road Capital’s exposure to the uranium sector by backing ATHA Energy’s extensive portfolio of uranium exploration assets in Canada, including the Angilak Uranium Project in Nunavut and interests in Athabasca Basin projects, and complements the financier’s existing positions in NexGen Energy and IsoEnergy, reinforcing its strategy of targeting high-quality resource projects in secure jurisdictions.
The most recent analyst rating on (TSE:QRC) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on Queen’s Road Capital Investment stock, see the TSE:QRC Stock Forecast page.
Spark’s Take on TSE:QRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QRC is a Outperform.
The score is driven by a conservative balance sheet and very attractive valuation, tempered by volatile earnings/cash conversion signals that raise sustainability and earnings-quality risk. Technically, the trend is strong, but extremely overbought readings add near-term downside risk.
To see Spark’s full report on TSE:QRC stock, click here.
More about Queen’s Road Capital Investment
Queen’s Road Capital Investment Ltd. is a dividend-paying investment company focused on financing the global resource sector. It makes long-term investments in privately held and publicly traded resource companies, with an emphasis on convertible debt securities and projects in advanced development or production located in politically stable jurisdictions.
Average Trading Volume: 10,924
Technical Sentiment Signal: Buy
Current Market Cap: C$637.1M
For a thorough assessment of QRC stock, go to TipRanks’ Stock Analysis page.