RE Royalties Closes Fully Subscribed $3.4 Million Financing Offering

The latest announcement is out from RE Royalties ( (TSE:RE) ).

RE Royalties Ltd. announced the closing of its fully subscribed non-brokered private placement offering, raising up to $3.4 million through the issuance of 10,625,000 units at $0.32 per unit. Each unit includes a common share and a warrant, with proceeds intended for working capital and general corporate purposes. This financing move strengthens the company’s financial position and supports its growth strategy in the renewable energy sector.

The most recent analyst rating on (TSE:RE) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on RE Royalties stock, see the TSE:RE Stock Forecast page.

Spark’s Take on TSE:RE Stock

According to Spark, TipRanks’ AI Analyst, TSE:RE is a Neutral.

The overall stock score is primarily influenced by financial instability due to high leverage and negative profitability. Technical indicators suggest a bearish trend, while the high dividend yield offers some appeal. The lack of earnings call and corporate events data limits further insights.

To see Spark’s full report on TSE:RE stock, click here.

More about RE Royalties

RE Royalties Ltd. is a leader in renewable energy royalty-based financing, acquiring revenue-based royalties from renewable energy facilities and technologies. The company provides non-dilutive financing solutions to both privately held and publicly traded companies in the renewable energy sector. It currently owns over 100 royalties on projects including solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas across Canada, the United States, Mexico, and Chile. The company aims to offer shareholders a strong growing yield, robust capital protection, and sustainable investment focus.

Average Trading Volume: 25,115

Technical Sentiment Signal: Sell

Current Market Cap: C$14.75M

See more insights into RE stock on TipRanks’ Stock Analysis page.