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Strikepoint Gold ( (TSE:SKP) ) has issued an announcement.
StrikePoint Gold Inc. has successfully closed its non-brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of C$3.1 million. The funds will be used for exploration activities at its Nevada-based projects and general working capital, with no new insiders created or change of control resulting from the offering.
Spark’s Take on TSE:SKP Stock
According to Spark, TipRanks’ AI Analyst, TSE:SKP is a Underperform.
Strikepoint Gold’s overall score is primarily affected by its poor financial performance, marked by no revenue and persistent losses, which raises concerns about its long-term viability. Positive corporate events related to its Hercules Project provide some potential for future growth. Technical indicators and valuation metrics also suggest limited immediate upside, contributing to a cautious overall assessment.
To see Spark’s full report on TSE:SKP stock, click here.
More about Strikepoint Gold
StrikePoint Gold Inc. is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and Canada. The company is rapidly becoming one of the largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project.
Average Trading Volume: 170,932
Technical Sentiment Signal: Sell
Current Market Cap: C$7.07M
See more data about SKP stock on TipRanks’ Stock Analysis page.