TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Targa Exploration Corp. ( (TSE:TEX) ) has shared an announcement.
Targa Exploration Corp. announced a non-brokered private placement to raise up to C$500,000 through the sale of flow-through shares, priced at C$0.15 per share. The proceeds will fund exploration activities at the Opinaca gold project in Quebec, with the company committing to incur eligible Canadian exploration expenses by the end of 2026. This strategic move aims to advance Targa’s exploration efforts and strengthen its position in the gold mining sector.
Spark’s Take on TSE:TEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.
Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.
To see Spark’s full report on TSE:TEX stock, click here.
More about Targa Exploration Corp.
Targa Exploration Corp. is a Canadian exploration company focused on acquiring, exploring, and developing gold mineral properties. Based in Vancouver, British Columbia, its principal asset is the Opinaca Gold Project, which features a significant gold-in-till anomaly over a 7km strike length. The company plans to initiate a maiden drill program at Opinaca in 2025.
Average Trading Volume: 50,024
Technical Sentiment Signal: Sell
For an in-depth examination of TEX stock, go to TipRanks’ Overview page.