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Moneta Gold ( (TSE:STLR) ) has issued an update.
STLLR Gold Inc., a company involved in gold exploration and development, has successfully closed a private placement financing, raising C$36.6 million. This financing, which includes contributions from key investors such as Eric Sprott and Agnico Eagle, will support the advancement of the Tower Gold and Hollinger Tailings projects in the Timmins Mining Camp, enhancing the company’s operational capabilities and reinforcing its market position.
Spark’s Take on TSE:STLR Stock
According to Spark, TipRanks’ AI Analyst, TSE:STLR is a Neutral.
The overall stock score for TSE:STLR is weighed down by significant financial challenges, including persistent losses and lack of revenue. However, promising corporate events and stable technical indicators offer some potential for improvement. Despite this, the stock’s valuation remains a concern, given the negative P/E ratio and lack of dividends. Substantial operational and financial enhancements are necessary for a higher score.
To see Spark’s full report on TSE:STLR stock, click here.
More about Moneta Gold
Average Trading Volume: 135,890
Technical Sentiment Signal: Hold
Current Market Cap: C$184.9M
For an in-depth examination of STLR stock, go to TipRanks’ Overview page.