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Sirios Resources ( (TSE:SOI) ) has shared an update.
Sirios Resources Inc. announced a non-brokered private placement to raise up to $2.5 million through the issuance of 41,666,667 units at $0.06 per unit. The proceeds will be used for working capital, infrastructure improvements, and exploration activities, with the offering subject to final approval by the TSX Venture Exchange.
Spark’s Take on TSE:SOI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOI is a Underperform.
Sirios Resources’ overall score is primarily impacted by its financial difficulties, including zero revenue and persistent losses. Positive developments in drilling campaigns and project expansion provide some optimism, but the lack of current income and negative cash flows remain critical concerns. Technical indicators suggest limited market momentum, and the negative valuation metrics further weigh down the stock’s attractiveness.
To see Spark’s full report on TSE:SOI stock, click here.
More about Sirios Resources
Sirios Resources Inc. is a Canadian mining exploration company focused on developing its Cheechoo gold project and other high-potential gold projects in the Eeyou Istchee James Bay region of Quebec.
Average Trading Volume: 381,796
Technical Sentiment Signal: Buy
Current Market Cap: C$25.82M
Find detailed analytics on SOI stock on TipRanks’ Stock Analysis page.